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Market Gyrations Ease With Traders Recalibrating Russia Risk

  • Default fears persist despite payments on nation’s dollar debt
  • Greenback also in focus after first U.S. hike in three years
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Medley Global Advisors' Emons on Global Markets
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Traders are beginning to re-evaluate the impact of the Russia-Ukraine war on their strategies as the conflict grinds into a fourth week.

The greenback edged higher against major peers as Asia trading began Monday, after its first weekly loss in a month, which came even as the Federal Reserve hiked rates. Japan’s yen was steady after hitting a six-year low.