The Russia-Ukraine war is increasing uncertainty, Atlanta Fed President Raphael Bostic said while speaking on “Economic Leadership from America’s Founding to the Global Pandemic” at the University of Southern California’s George Washington Leadership Lecture Series.

Additional quotes

The war in Ukraine impacts inflation, boosts uncertainty.

Greater uncertainty is a source of risk for demand.

Market reaction

The US dollar index is holding the lower ground near 98.25, down 0.16% on the day. The main catalyst behind the dollar’s move lower is the huge sell-off in the USD/JPY pair this Wednesday.

This article was originally published by Fxstreet.com.Read the original article here.

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