The dollar strengthened on Thursday, amid intensifying fears of an imminent full-scale Russian invasion of Ukraine. The U.S. dollar index – which gauges the currency against six major peers, rose as much as 0.20% to 96.42 for the first time since February 14, lifted by safe-haven flows after the US State Department said a Russian invasion of Ukraine remains potentially imminent and Ukraine declared a state of emergency. Riskier commodity-linked currencies also tumbled, succumbing to worsening risk sentiment. Ukraine has declared a state of emergency and Moscow began evacuating its Kyiv embassy, while the West slapped Russia with sanctions.
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