Latvia issues air threat alert, Finland restricts air and sea traffic
Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday.
Latvia has activated an air threat alert in its southeastern region, near the border with Russia and Belarus. NATO fighter jets have been deployed to the area. Finland, which also shares a border with Russia, has imposed temporary restrictions on aviation and maritime traffic in the eastern Gulf of Finland. Both nations have repeatedly issued similar warnings since 2026, often due to Ukrainian drones veering off course while striking Russian targets near the border.
The US dollar index (DXY) is down 0.05% on the day at $99.90. In financial terms, 'risk-on' and 'risk-off' describe investor sentiment during a given period. In a 'risk-on' market, investors are optimistic and more inclined to buy risky assets. Conversely, in a 'risk-off' market, investors become more cautious and prefer safer, more certain investments.
Typically, during 'risk-on' periods, stock markets rise, and most commodities (excluding gold) gain value. 'Risk-off' markets see a rise in bond prices, increased demand for gold, and strength in safe-haven currencies like the Japanese Yen, Swiss Franc, and US Dollar.
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