Russia says it downed 148 Ukrainian drones in three hours, according to Reuters
Context
The downing of 148 Ukrainian drones by Russia in a short span signifies a heightened intensity in the conflict, which could escalate tensions further. This may influence safe-haven flows into assets like gold and the JPY, while also posing risks to energy prices amid potential supply disruptions. Traders should monitor the situation closely, as any further escalation could impact market sentiment and geopolitical risk premiums across currencies and commodities.
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