/cdn.vox-cdn.com/uploads/chorus_asset/file/25550621/voultar_snes2.jpg "This Chip Fixes a Long-Standing Super Nintendo Glitch")
the speech It pushed the greenback up 0.4% against a basket of major currencies to its highest level since 2002. Investors often seek safe haven in US dollar assets during times of geopolitical tension.
Oil prices also jumped. Brent crude futures, the global benchmark, were up 2.5%, rising to just under $93 a barrel.
Asian stocks fell. While indices in Europe eased initially, they were flat or slightly higher in morning trading before the Federal Reserve’s latest policy announcement.
Sterling fell 0.4% against the US dollar to just over $1.13, hitting a 37-year low, before recovering slightly.
The war has added to investor pressure, as it makes it difficult to predict when inflation will abate and may prompt central banks to maintain an aggressive approach for longer.
– Tara Subramaniam and Andrew Ren contributed reporting.
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