President Joe Biden on Tuesday warned Russia that use of a tactical nuclear weapon would be “an incredibly serious mistake.” The president was speaking after getting an updated COVID booster at the White House. Biden was asked by reporters about possible use by Russia of nuclear weapons. Earlier this month, Biden warned that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, as Russian officials spoke of the possibility of using tactical nuclear weapons after suffering massive setbacks in the invasion of Ukraine.
AUDUSD decline slows ahead of Powell’s speech
The AUDUSD rate continues to fall amid expectations of Fed Chair Jerome Powell’s speech, with the price currently at 0.6417. Find more details in our