FX.co ★ Geopolitical tensions reach extremely high levels

Geopolitical tensions reach extremely high levels.

On top of Tuesday's weak US dollar, the world is facing increasing levels of geopolitical uncertainty in both North Korea and tensions in Ukraine.

South Korean President Yoon Suk-yeol said on Tuesday that North Korea had completed initial preparations for its seventh nuclear test. According to Bloomberg News: "According to our estimates, he has already completed preparations for the seventh nuclear test."

The threat of nuclear testing by North Korea is only part of a much more complex geopolitical pattern. A Bloomberg News article discusses the complexities of the current geopolitical environment: "The US desire to isolate Russia, coupled with growing hostility towards China, has allowed Kim to bolster his nuclear deterrent without fear of new UN Security Council sanctions."

This is happening amid extreme weakness in the dollar, which has lost more than 1%.

As well as the extreme escalation of geopolitical uncertainty from North Korea.