fxmade2trade
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As word spread that Russian troops were blockading Ukrainian military facilities, the U.S. dollar and Japanese Yen both increased in value. The reason: Europe’s energy supplies are more directly affected by trade sanctions against Russia, so some Asian and European investors were buying U.S. dollars. A strong dollar means U.S. tourists can buy more foreign goods and services with the same amount of U.S. dollars in their back pocket. “Although the currency markets certainly reacted to events in Ukraine this week, perhaps the most notable feature was how modest the moves proved to be,” says Derrick Simon, chief currency strategist at BNY Mellon, an investment management and investment services company based in London. “Whether this optimistic viewpoint was justified remains to be seen.” There are some bold moves that active traders may want to make, and take their chances. More about those in a moment. But what does this crisis mean everyone else? What does this mean for those of us who want a quieter life, but who nonetheless want to make money—and, most importantly, not lose it?