• EUR/USD sinks to 1.1687 on Tuesday from 1.1754 on Monday

• Brent rises to $111 pb on Tuesday from $106 on Monday

• Brent has risen over $40/bbl during the conflict

• EUR/USD virtually unchanged and traders still betting on a rise

• Inflation in the pipeline, likely rate hikes and greater risk aversion

• An enduring war and much higher oil may soon affect currencies

•
EUR/USD little changed as oil rockets


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)