was reported on Sunday after the Deputy Prime Minister Dominic Raab told the BBC's Sunday Morning programme that there was "a very serious risk" of invasion but there would be "severe economic consequences", including sanctions, if Russia took that step.The US dollar is renowned for benefitting from such angst in geopolitics and markets, so such an escalation should be a clear dollar positive for the open this week.
UK ministers have warned that the Russian government will face serious consequences if there is an incursion. "Russia must de-escalate, end its campaigns of aggression and disinformation, and pursue a path of diplomacy." However, he told the BBC's Sunday Morning programme it was "extremely unlikely" British troops would be sent to defend Ukraine, adding that the country was not a Nato ally.''As per the DXY index, which measures the US dollar vs a basket of currencies, the greenback declined on Friday, along with US Treasury yields.
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