Currency markets try to regain footing in Ukraine crisis, NZ dollar jumps

Away from the threat of a full-scale Russian invasion of Ukraine, the New Zealand dollar jumped 0.52% after Reserve Bank of New Zealand raised ROI, stating more tightening could be necessary.

Currency markets paused for breath on Wednesday after a choppy few sessions as whipsawed markets looked to get a handle on the latest developments in eastern Europe amid a deepening crisis in Ukraine. Away from the threat of a full-scale Russian invasion of Ukraine, the New Zealand dollar jumped 0.52% after the Reserve Bank of New Zealand raised interest rates, and said more tightening could be necessary.
 

The euro was holding steady at $1.1325, sterling was pinned at $1.3593, and the safe haven yen and Swiss franc also took a breather having dropped sharply as investors held out hopes a