Forex

Aussie edges up amid Ukrainian developments

2022-03-21 16:14:32 GMT (Economies.com)

Australian dollar rose against most major rivals as investors very closely follow the Ukrainian war developments.

 

Media outlets indicated that peace negotiations between Russia and Ukraine failed to achieve any real progress so far, threatening a prolonged crisis.

 

The Russian army asked the Ukrainian army and militias in the coastal Mariupol city to surrender amid a long siege.

 

Otherwise, Reuters reported that the EU is considering joining the US in embargoing Russian oil imports as a heavier step in sanctioning Russia for its Ukrainian invasion.

 

AUD/USD rose 0.1% to 0.7419 as of 16:13 GMT, with a session-high at 0.7426, and a low at 0.7373.

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