Ukraine-Russia disputes continue to weigh on market sentiment and boost demand for safe-havens heading into weekend trading.
Most major currencies were seen to remain stable after the two countries pointed fingers at each other over the issue of the attacks that took place in the Donbass region on Thursday.
Markets previously thought the crisis was over after Russia said its military withdrawal from the Ukrainian border, but the United States and other Western countries said it was fake and Moscow was actually preparing to strike.
Following the latest developments on the issue, Russia has reportedly expelled the US Deputy Ambassador to Russia to leave the country and accused the US of ignoring its security claims.
In addition, the US Secretary of Defense reported that Russian troops were moving closer to the Ukrainian border.
This uncertainty keeps the market vigilant by exhibiting limited currency movements around the same price level.
The US dollar traded flat as demand for other safe-haven assets increased. The latest reading of rising U.S. unemployment claims data last week added a factor to limiting the greenback’s movement.
Meanwhile, the euro also traded flat and the pound slightly stronger as investors continued to await developments on the Ukraine-Russia issue. UK retail sales data in the European session will be the focus of pound investors.
