Category: Forex news

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

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

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

On Monday, the Russian ruble dropped almost 30% against the U.S. dollar, dropping to as low as 119 versus the dollar, as stated by Reuters. The plunge arrived behind the European Commission said on Saturday

The Kremlin stated it remained open to diplomacy with the United States and other countries as it encountered actions from a slew of countries. Britain issued a list of sanctions, and Germany froze the Nord

At 2:45 AM ET (0745 GMT), the Dollar Index, which follows the dollar versus a basket of six other currencies, traded 0.3% lower at 95.745. News of the potential summit arrived from the office of

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

The lowest since early February, the dollar glid to 114.845 yen in afternoon trading. It was last under 0.4% at 114.93 yen. Against the Swiss currency, the dollar dropped to 0.9189 francs, the weakest since