By Gina Lee

Investing.com – The dollar was up on Tuesday morning in Asia as Russia recognized two breakaway parts of eastern , increasing concerns of a major war.

That tracks the greenback against various currencies edged up by 0.15% at $96.168, 10:11 PM ET (Ticker: 11 AM GMT).

It fell by 0.10%, to 114.63

Both the pair increased by 0.03 to 0.7192 and the other pair by 0.09 to 0.6704.

Both the pair climbed 0.09% up to 6.3408, while they fell 0.09% down to 1.3584.

As tensions escalate in Russia and Ukraine, investors turn to safer-haven assets. Overnight, the Euro fell by 0.1% to $1.1297 for a week, while the Swiss franc, another safety-haven asset, reached an all-time high of 1.1297.

Ray Attrill from NAB, head of foreign-exchange strategy at NAB told Reuters: “It’s remarkably restrained…but under these circumstances risk metrics will be the driving force.”

Russian President Vladimir Putin declared two regions of eastern Ukraine independent Monday, and authorized the deployment troops.

Although it is unclear if the attack was intended to invade Ukraine, the West began to prepare sanctions.

After falling more than 3 percent against the dollar Monday, the Russian robule continued its slide Tuesday.

In a note, Westpac analysts stated that “the sharp sell-off of Russian assets is stark reminders that tension remains superhigh and risk sentiment in all markets is being hit,” in a Westpac analyst.

“However, the commodity story remains super supportive though and we are in the middle of miner dividend season meaning that we are likely set for more rangy price action around $0.72,” the note added.

Also, cryptocurrencies came under increasing pressure. Bitcoin was at its lowest level in three months, $37,112.