Unloved euro catches a breath ahead of ECB
By Tom Westbrook SINGAPORE (Reuters) – The euro took a breather on Wednesday ahead of this week’s central bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven surges in energy, grains and metals could end up crimping demand in the long run. The euro was steady in early trade…
Euro slides as war in Ukraine stokes inflationary shock
By Tom Westbrook SINGAPORE (Reuters) – The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all. The common currency…
Euro pinned as war stokes stagflation fears
By Tom Westbrook SINGAPORE (Reuters) – The euro was pinned near a 21-month low on Thursday by worries that Russia’s invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged. The euro recovered to $1.1111 early in the Asia session from an overnight trough of $1.1058,…
Euro testing support as Ukraine crisis looms over growth
By Tom Westbrook SINGAPORE (Reuters) – The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine’s cities and a surging oil price raised investor concerns about a hit to Europe’s economy and growth. The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering…
Rouble licks wounds, yen and franc hold firm with focus squarely on Ukraine
By Kevin Buckland TOKYO (Reuters) – The rouble stabilised somewhat on Tuesday after its crash to an all-time low, while the safe-haven yen and Swiss franc were steady after their biggest rallies in almost seven weeks with traders focused squarely on the developing crisis in Ukraine. A modicum of calm returned to currency…
Euro tries to recover after tumbling on Russian invasion of Ukraine
By Alun John HONG KONG (Reuters) – The euro was struggling to recover from its plunge the previous day in early Asia trading on Friday, after Russia’s invasion of Ukraine had hit the common European currency and sent investors scrambling to the safety of the dollar, yen and Swiss franc. Russia’s rouble also…
Euro skids versus safe-havens as Ukraine tensions ramp up
By Kevin Buckland TOKYO (Reuters) – The euro weakened and safe-haven currencies including the U.S. dollar were in demand on Thursday amid intensifying fears of an imminent full-scale Russian invasion of Ukraine. The greenback, yen and Swiss franc all rose back toward multi-week highs to Europe’s single currency, while the greenback hovered near…
Safe havens yen, franc retreat, kiwi jumps after RBNZ meeting
By Alun John HONG KONG (Reuters) – The dollar was on the front foot against the safe-haven Japanese yen and Swiss franc on Wednesday, as whipsawed markets looked to get a handle on the latest developments around Ukraine, though heightened nervousness kept most major pairs fairly muted . Away from the threat of…
Yen ticks higher, euro falters as Ukraine crisis deepens
By Tom Westbrook SINGAPORE (Reuters) – The safe-haven yen hit a near three-week high and the euro and riskier currencies fell on Tuesday as Russia ordered troops into breakaway parts of eastern Ukraine and the region stood on the brink of war. The yen edged about 0.2% higher to 114.50 to the dollar…
Currency markets nervously eye Ukraine headlines, take heart from possible summit
By Alun John HONG KONG (Reuters) – Currency markets started the week nervously eying tensions in eastern Europe, with the safe-haven yen not far from a two-week high while the euro was on edge given the energy security and economic implications for Europe of a war in Ukraine. “Russia-Ukraine tensions are starting to…
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