The euro plummeted below $1.10 on Friday for the first time in nearly two years. It also dropped to a fresh seven-year low versus the Swiss franc as the war in Ukraine lowered traders’ expectations of European economic growth. The European common currency shaved off 0.8% to $1.0967, hitting its weakest level since May 2020. …
Euro fell as Russia seized a nuclear power plant in Ukraine Read More »
The British Pound rallied against the Euro on Wednesday. Traders focused on shifting market bets on U.K. and eurozone rate hikes along with concerns about the economic impact of the war in Ukraine. The Sterling jumped by 0.2% against the common currency to 83.40 pence. It traded near its highest level since February 3 of …
Sterling gained against Euro while rouble remains low Read More »
The euro pared some of its earlier losses during Monday’s session, mirroring the Russian rouble. The latter also trimmed some of its declines from an all-time low after Russia announced that it had started talks with Ukraine. On Monday, Russia’s foreign ministry stated that talks between Ukraine and Russia had begun; shortly before, the Ukrainian …
Rouble collapses as Russia continues its invasion of Ukraine Read More »
The rouble plunged further on Tuesday after partly rebounding earlier. Meanwhile, the U.S. dollar climbed up, and the Swiss franc skyrocketed to a seven-year high. Traders sought out the safe-haven currencies while they awaited developments in Ukraine. Russia’s invasion of Ukraine has rocked financial markets in recent days. This is the biggest assault on a …
Rouble continues falling while Russia is attacking Ukraine Read More »
On Monday, the euro surged forward while the dollar tumbled down as traders pulled capital away from safe-haven currencies. That occurred after U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to meet to discuss the crisis in Ukraine. After losing some ground in early trade, the common currency soared by …
Euro rallied Monday after Biden and Putin agreed to meet Read More »
The safe-haven Japanese yen declined on Friday after the short rally. On the other hand, risk-sensitive currencies, such as the Australian dollar, surged forward as traders’ optimism grew thanks to a plan to hold talks between the United States and Russia over the crisis in Ukraine. The euro also climbed higher against a weaker U.S. …
The Japanese Yen plummeted while riskier currencies rallied Read More »
The U.S. dollar seemed set to break a two-day losing streak on Thursday. The Japanese yen also surged forward after a Russian news report of mortar fire in eastern Ukraine caused worries on the market and boosted safe-haven bets. The dollar declined from highs in Asia after the news broke. However, investors are still concerned …
Safe-havens surge with Russia-Ukraine on the precipice of war Read More »
The U.S. dollar plummeted down for a second consecutive day on Wednesday as traders became less worried about the risk of Russia invading Ukraine. They awaited the release of minutes from the U.S. Federal Reserve’s January meeting. Meanwhile, European equity markets remained mixed after rallying on Tuesday. Russia announced that it would withdraw some troops …
U.S. dollar declines as Russia-Ukraine tensions wane Read More »
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