Ukraine, Russia and FX market impact: The Global Markets FX Week Ahead Podcast

The Russian invasion of Ukraine has so far had a brief and relatively muted impact on FX in the G10 space, with the initial risk-off reaction yesterday reversing quickly. Why is this? Derek Halpenny, Head of Research for Global Markets EMEA and International Securities, talks to Michael Owen, Head of Global Client Desk, EMEA about the FX reaction to the Russia-Ukraine conflict and how the markets might play out going forward.

Derek expects greater focus on inflation and central bank action next week given Fed Chair Powell will present the semi-annual testimony to Congress.

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