Unforseen conseqences of war: US$ pushing world economy under a bus. Jane Foley, Rabobank, predicts "nasty numbers are still to come" for the euro and UK pound, with the US dollar continuing its runup against the currencies.
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Russian forces have invaded Ukraine from land, air and sea with strikes causing widespread damage. Global leaders have condemned the move and imposed sanctions.
The Russian economy has been impacted by a raft of global sanctions as world leaders try to pressure Vladimir Putin to end the war in Ukraine.
Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.