LONDON—The Russian rouble tumbled to a record low and European currencies including the euro bore the brunt of selling on Thursday after Russia launched an invasion of Ukraine, sparking dramatic moves across foreign exchange markets. Investors dashed for safe-haven currencies including the dollar, which jumped 0.9 percent, as well as the Swiss franc and Japanese…
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…
Safe-Haven Currencies Fall on Hopes for Easing in Ukraine Tensions
LONDON—The safe-haven Japanese yen fell back on Friday and risk-sensitive currencies, such as the Australian dollar advanced as investors took comfort from a plan to hold talks between the United States and Russia over the crisis in Ukraine. The euro edged higher against a weaker dollar. The yen and rival safe haven, the Swiss franc,…
Dollar Falls for Second Day as Investors Worry Less Over Ukraine
LONDON—The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve’s January meeting. European equity markets were mixed, having rallied on Tuesday after Russia said it would withdraw some troops from Ukraine’s border….
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…
Dollar Hits Two-Week High on Tensions Over Ukraine
The dollar rose on Monday along with the yen and the Swiss franc as investors rushed into safe-haven assets amid fears that Russia is preparing to invade Ukraine. The move came a day after the United States said Russia could attack Ukraine at any time. Russia has denied having any such plans though a senior…
Riksbank’s Calm Over Inflation Hurts Swedish Crown; Yen Struggles
LONDON—The Swedish crown was hurt by the Riksbank’s dovish stance on Thursday, while other currency market moves were small as investors awaited key data on U.S. inflation for clues on the U.S. Federal Reserve’s policy-tightening trajectory. Investors’ appetite for riskier assets has been hurt so far this year by expectations that the Federal Reserve will…
Currency Hit to North American Companies in Third-Quarter Lowest Since 2018
NEW YORK—The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday. The collective exchange rate hit, including on companies in the United States, Canada…
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…
Tesla’s Bitcoin Holdings Worth Nearly $2 Billion: Filing
Tesla Inc. said on Monday the fair market value of the electric-vehicle maker’s bitcoin holdings as of Dec. 31 was $1.99 billion. In its annual filing with the U.S. Securities and Exchange Commission, Tesla, which had invested $1.50 billion in bitcoin last year, said it registered about $101 million in impairment losses last year due…
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