LONDON—The euro one-month volatility level jumped on Tuesday to its highest in 15 months, as the single currency was hit by rising risk aversion amid a gas price surge and escalation of tensions in Ukraine. Russian President Vladimir Putin ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest…
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…
Euro Marches Higher on Russia Troops News; Yen Struggles
LONDON—The euro rebounded on Tuesday, nearly erasing all of Monday’s losses, while the dollar’s losses deepened after reports some Russian troops in areas near Ukraine have started returning to their bases. Against the greenback, the single currency climbed 0.4 percent to $1.1354, and within striking distance of Monday’s high of $1.1369, as European stock markets…
Euro Edges Up as Traders Seek Clues on Possible ECB Rate Hike
LONDON—The euro edged up on Wednesday but was off Friday’s three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates. The dollar was little changed, a day before the release of U.S. consumer price data that may offer new indications about the pace of the Federal Reserve’s…
Euro Pulls Back From 3-week Highs as Italian Real Yields Approach Zero
LONDON—The euro weakened on Tuesday after European Central Bank President Christine Lagarde tried to rein in interest rate hike expectations that lifted the currency to a three week-high last week. The ECB’s hawkish twist last week took markets by surprise and sent yields on peripheral eurozone debt surging as investors worried about the impact of…
Euro Drops After US Jobs Data Fuels Dollar Rebound
LONDON—The euro dipped on Monday after a surge last week that followed a hawkish shift by the European Central Bank, as traders turned to the dollar betting the jump in U.S. jobs created in January could lead to faster Federal Reserve rate hikes. The European common currency dropped 0.2 percent to as low as $1.1415,…
Euro Adds Gains After ECB’s ‘Ground-Breaking’ Hawkish Turn
LONDON—The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) rippled through markets. Rampant inflation across many global economies has forced central banks to tighten monetary policies that had been dramatically loosened to help consumers and…
Euro Jumps After Hawkish Comments From ECB’s Lagarde
The euro jumped against the dollar on Thursday after comments from ECB president Christine Lagarde fuelled expectations of faster monetary policy tightening, although the central bank confirmed its guidance for interest rates and its bond purchase program. Lagarde acknowledged that inflation was running hotter than expected and with risks tilted to the upside, but continued…
Euro Surges After Inflation Hits New Record High
LONDON—The euro rose for a third consecutive day on Wednesday, coming off a 20-month low last week, as eurozone inflation rose to a new record last month fuelling bets the European Central Bank might raise interest rates sooner than expected. At 5.1 percent in January, price growth is more than twice the ECB’s 2 percent…
ECB’s Lagarde: Inflation Drivers Will Ease Gradually in 2022
January 20, 2022
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PARIS—Inflation in the eurozone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilise and ease gradually in the course of 2022,” she said. Asked on her policy to…
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