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AUD/USD Slips to 0.7150 with Escalation of the Russia-Ukraine Conflict


The AUD / USD index has shown negative growth by hovering around 0.7180, a 0.72% drop compared to the previous week’s trading. This can result from the market weakness surrounding Russia and Ukraine’s geopolitical instability. Even the Australian strong rally in macroeconomic data could...

Public Mint Suspends Deposits and Withdrawals in Russia and Belarus


Multiple countries have imposed broad economic sanctions in response to the extraordinary events that followed Russia’s invasion of Ukraine. To meet these requirements or sanction orders coming from different countries, the Public Mint is temporarily suspending all fiat deposits...

Russians Ditch Ruble, Central Bank Scrambles as Fiat ‘Destruction’ Looms


  Reports on social media claim that citizens in Russian have been spending their cash on luxury items, electronics, and other goods in a bid to dump the ruble before the markets reopen today. A Moscow Times journalist claimed that the “mood” was similar to 2014, when the Russian markets were...

Elon Musk Hears Kyiv’s Call, Activates Starlink Service in Ukraine


Tech entrepreneur Elon Musk has announced that the Starlink satellite internet service has been enabled for Ukraine. The move comes in response to a request from the government in Kyiv which is trying to halt a Russian military assault that may disrupt communications, among other threats. Elon Musk...

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