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EURUSD Posts Second Biggest Gap on Record but S&P 500 Little Changed as Russia Situation Worsens

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The announcement harsher sanctions on Russia by the West over the weekend had an unmistakably severe impact on the country’s assets as well as traditional risk instruments. And yet, the repercussions of fundamental blowback didn’t keep the US indices suppressed or the safe have Dollar buoyant. Why?


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