“US intelligence agencies have determined that the Russian president Vladimir Putin is increasingly frustrated by his military struggles in the Ukraine, and can see his only option in doubling the violenceNBC News reports, citing current and former US officials.
US officials noted: “As the Russian economy reels under unprecedented global sanctions and its supposedly superior military force appears bogged down, Putin has lashed out in anger at his subordinates, even as he remains largely isolated from the Kremlin due in part to concerns about Covid”
market reaction
The risk tone is turning sour in the last hour as investors look for safety once again, with S&P 500 futures down 0.10% on the day.
AUD/USD is back in the red, approaching 0.7250 support ahead of the RBA decision.
Source: Fx Street
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