USD index skyrockets as Russia attacks a nuclear power plant in Ukraine

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar             1.2700-1.2800

Euro                     1.3900-1.4000

Sterling                1.6900-1.7000

USD.RUB (opening level) 117.00 (Ruble weakened off to a new all time low)

WTI Opening level $111.20(down $2 from yesterday's opening)

The US Dollar index is much stronger this morning and the Euro is considerably lower in the wake of reports that overnight Russia attacked the largest nuclear reactor in Ukraine (and in all of Europe) and at one time there were fires reported at the site. This takes the war to the next level as it now threatens all of Europe with a nuclear disaster, as Ukraine has many nuclear reactors that could be either destroyed or at the very least taken offline by the Russians this is a key development for all European nations.

Despite a massive rise in the price of all commodities the Canadian Dollar gave up considerable strength overnight as USD.CAD opens the day at the 1.2755 (0.7840) level and the currency pair looks set to move higher as the uncertainty from the invasion is causing further upset to the markets.

The US Dollar should remain supported throughout the day as stocks are once again poised for large losses, All overnight markets are in the red and the Dow Jones is pointing down almost 300 points on the opening. Up today we also get the US Jobs report for February and the US is expected to have created close to another 500K jobs last month, given all that is going on in the world I am not sure markets will care that much about the number but we shall see.