Unexpected decision by Russia to support their compatriots on Ukraine led to the increase of tension in Europe and world in general. Due to this fact investors are less interested in risky deals. Russian rubble hit new minimums against EUR and USD and stock market simply collapsed. On the currency market US dollar got light support against EUR. What is more, JPY, CHF and gold increased against USD. Even NZD got under pressure despite the fact that refinance rate is expected to be increased.
Relatively good German, French and EuroZone PMI data support Euro currency, but overall economic situation in Europe remains unstable. High unemployment rate and quite small inflation might make ECB accept new measures to support economy. To conclude with, we do not forget that head of the Federal Reserve Janet Yellen announced last week that US would continue to reduce incentives.
