By Gina Lee

Investing.com – The dollar was up on Wednesday morning in Asia. Investors seek to keep up-to-date on developments in Ukraine.

The greenback’s performance against other currencies was up 0.4% at 96.050 as of 11:32 PM ET (04:32 GMT).

This pair fell 0.05% to 112.02.

This pair increased 0.07% to 0.7234. After the third consecutive hike of interest rates, the pair rose 0.50% to 0.6764 Inflation could also be tamed by further tightening, according to the bank.

Both the pair grew by 0.01% to 6.3269, while they grew by 0.09% at 1.3594.

Russia-Ukraine tensions are still on investors’ radar as the West has imposed sanctions on Russia.

U.S. President Joe Biden took measures that target Russia’s elites and sale of sovereign debt on Tuesday after Russian President Vladimir Putin ordered troops in two breakaway regions in easter Ukraine. According to a top U.S. State Department official, the.

Germany, however, stopped the construction of a huge Russian-related gas pipeline. The sanctions pushed the U.S. Treasuries higher.

Investors are turning to safer assets as they become more concerned, and the Japanese yen has been rising for the past week.

One U.S. dollar was worth 115.03 yen in early Asia trade, with the greenback having “Russia‑Ukraine tensions remain front of mind,” said analysts at CBA in a note, however, the note added, “the market reaction is modest so far because the Russian, European and U.S. actions have been flagged for some time.”

Investors are now expecting the Federal Reserve’s interest rate hike due to rising raw material prices in the aftermath of Russia-Ukraine tension.

Data-wise, on Thursday, the U.S. is expected to release data such as new home sales and the GDP.