Tracking the Forex Flows in this Global Crisis?

The Russian invasion of Ukraine has set up a challenge to anyone trading global markets. Traders/investors have to weigh not only the political risks but the economic fallout that has seen surging energy prices exacerbate already rising inflation pressures. The latter, in turn, has raised expectations of central banks tightening monetary policy at a time when economic activity is likely to show signs of slowing.As the table below shows the forex market, which had shown little net change prior to the Russian invasion of Ukraine, has seen a mixed bag for the dollar afterward. In fact, all major forex pairs were trading within 1% of the 2021 close before the invasion. Since then, commodity currencies have been beneficiaries of