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…
Yen bid, bitcoin battered as Ukraine fears leave traders nervous
By Alun John HONG KONG (Reuters) – The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of…
Dollar spikes on Ukraine jitters after Russia reports attack
By Tom Westbrook SINGAPORE (Reuters) – The dollar bounced in the Asia session on Thursday after a Russian news report of mortar fire in eastern Ukraine sent investors worried about a wider war scurrying for safety. Russian-backed rebels accused Ukrainian forces of shelling their territory in violation of agreements aimed at ending conflict…
Daily Outlook for 11th Feb 2022
Daily Outlook for 11th Feb 2022
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