Ukraine delivers a little bit of risk off

Monday, 3 March 2014

A few step movements this morning as market go a little risk off on Ukraine (or is that China?). The Aussie is under 89 cents:

The yen is rallying:

But not the US dollar index:

Gold and oil are both up solidly:

Local share are down nearly one percent as S&P futures are off 16 points or 0.9%. Not panic stations by any means.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.