Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low. Spot gold XAU= was 0.1 percent lower to $1,921.60 per ounce by 8 a.m. EDT (1200 GMT). U.S. gold futures GCv1 were down 0.2…
Dollar Edges Higher on Safe-Haven Bid, Euro Drops
March 31, 2022
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The dollar edged higher on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the energy shock that has resulted from the war weighed on Europe’s economy. Hopes from earlier this week that peace talks would lead to a ceasefire in Ukraine five…
Germany Says to Still Pay for Russian Gas in Euros/Dollars After Scholz–Putin Call
March 30, 2022
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BERLIN—Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German chancellor nothing would change for European partners despite his plan for rouble payments. Russia has said that because of Western financial sanctions over Ukraine, it plans to require payment…
Euro Edges Higher as Focus on Ukraine; Yen Rebounds Versus Dollar
The euro edged higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range, while the dollar weakened as investors priced in expected monetary tightening by the Federal Reserve. “The combination of lingering Russia-related risks, high energy prices, and Fed-ECB policy divergence still points to a weaker, rather…
Dollar Climbs, Euro Weakens, as Biden Brings Sanctions Plan to Europe
March 23, 2022
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NEW YORK—The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S. President Joe Biden poised to announce, alongside other European leaders, new sanctions against Russia during his trip to Europe. Biden is due to arrive in Brussels later on Wednesday on his first foreign trip since the war…
Market Pulse: US Shares Rise as Euro Markets Consolidate, Brent Rebounds Following Shortages
March 23, 2022
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Stock markets around the world posted new highs even as rising inflation rates prompted Fed policymakers to issue hawkish remarks on upcoming rate hikes, treasury notes are on track for multi-year record yield percentages, and the war rages on in Ukraine. U.S. markets ended Tuesday on a positive note, with the Dow finishing 0.74 percent…
Dollar Little Changed With Powell on Deck
March 21, 2022
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NEW YORK—The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains and losses, and weakened slightly after…
Dollar Rebounds as Fed Officials Comment on Rates; Dollar at 6-years High Versus Yen
NEW YORK—The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased. St. Louis Federal Reserve President James Bullard called for a dramatic increase in the…
Could China Use Ukraine War to Challenge US Dollar Hegemony?
March 17, 2022
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Commentary Russia’s war in Ukraine, and the West’s response so far, has been a gift to China. The West’s strict sanctions on Russia have isolated the country from much of the world. It needs a financial lifeline. The war in Ukraine, and the West’s sanctions against Russia, is providing a unique opportunity for China to…
Euro Gains, Dollar Eases on Potential Biden-Putin Summit
LONDON—The euro rallied and the dollar retreated on Monday as investors pulled capital away from safe havens after President Joe Biden and Russian President Vladimir Putin agreed in principle to meet to discuss the crisis in Ukraine. The euro rose 0.5 percent to $1.1376 after losing some ground in early trade while the dollar index…
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