Russian Planes Patrolling Ukraine Rattles Markets

Fear that Russia could be drawn into a conflict in Ukraine rattled world markets Thursday.
Stock markets fell and the dollar, Swiss franc and gold gained as investors sought refuge in traditional “safe haven” assets.

Financial fallout from last week’s removal of a pro-Russian government in Ukraine had been largely limited to the currencies of both countries.
But the crisis spilled onto world markets after armed men occupied government buildings in the Ukrainian region of Crimea and raised the Russian flag, a day after Moscow ordered massive military exercises just across the border

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza