European Currencies Hammered as Russia Invades Ukraine

European Currencies Hammered as Russia Invades Ukraine
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound, and Chinese 100 yuan banknotes are seen in this picture illustration on Jan. 21, 2016. Jason Lee/Illustration/Reuters
Reuters
Updated:

LONDON—The Russian rouble tumbled to a record low and European currencies including the euro bore the brunt of selling on Thursday after Russia launched an invasion of Ukraine, sparking dramatic moves across foreign exchange markets.

Investors dashed for safe-haven currencies including the dollar, which jumped 0.9 percent, as well as the Swiss franc and Japanese yen.