LONDON—The euro looked set to snap a seven-day losing streak versus the dollar on Monday, as the single currency rallied after French leader Emmanuel Macron beat right challenger Marine Le Pen in the country’s first round of presidential voting. Investor concerns about the future direction of the eurozone’s second-biggest economy have weighed on the euro…
Euro Feels Weight of French Election Concerns, More Russia Sanctions
April 5, 2022
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LONDON—The euro weakened on Tuesday with the Swiss franc and the Swedish crown the winners as French election worries and the chance of more sanctions against Russia unnerved investors. French financial markets acknowledged the possibility of right candidate Marine Le Pen beating President Emmanuel Macron in this month’s elections, with sharp losses on Paris blue…
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 Rises to Month-High Versus Dollar, Yen Recovers
LONDON—The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid warnings about the damage to Europe’s economy. Equity markets were up in the Asian session, continuing a pick-up in sentiment on Wall Street as markets became hopeful that…
Euro Jumps After Ukraine Offers Neutral Status, Yen Rebounds
March 29, 2022
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The euro jumped on Tuesday after some progress was reported in peace talks between Russia and Ukraine. Russia promised at the talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees. The U.S. dollar was lower, while the…
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…
Euro Zone March Business Growth Strong but Outlook Darkens: PMI
March 24, 2022
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LONDON—Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates. However, some of that expansion came from a rebound following the lifting of COVID restrictions and the outlook is murky…
Euro Edges Up, Focus on Ukraine Talks
The euro rose on Thursday with investors closely watching for developments in talks between Russia and Ukraine, while the Federal Reserve’s monetary policy decision failed to affect the market as the bar for a hawkish surprise was high. The Kremlin said that Russia was putting colossal energy into talks on a possible peace deal with…
Peace Talks Send Euro Higher, Overshadowing Expected Fed Rate Hike
LONDON—The euro jumped on Wednesday, set for its third consecutive day of gains, after Russian Foreign Minister Sergei Lavrov said peace talks with Ukraine were not easy but there was hope for compromise. In a busy day for markets, a stronger euro and Chinese yuan overshadowed the dollar index, which fell ahead of a Federal…
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