LONDON—The euro rose on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine. Even if Putin provided no details, the euro rose 0.4 percent to $1.1043 minutes after Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that talks continued practically on daily basis. “There…
Euro Rises as Putin Sees ‘Certain Positive Shifts’ in Talks With Ukraine
March 11, 2022
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Euro Wavers as Traders Await EU Policy Response to War in Ukraine
LONDON—The euro shed some of its overnight gains on Thursday after its steepest daily jump since 2016 as traders waited for a European Central Bank meeting and a European Union summit to shed light on the bloc’s policy response to Russia’s invasion of Ukraine. The common currency on Wednesday benefited from a risk-on shift in…
Euro Rises 0.5 Percent Against the Dollar Ahead of ECB
LONDON—The euro and other European currencies edged up on Wednesday ahead of this week’s central bank meeting. Sterling rose 0.3 percent against the dollar to $1.3134. “European currencies have been under heavy pressures for the past couple of weeks and some of these valuations have begun to look stretched,” said Jane Foley, head of FX…
Euro Off 22-month Lows as Ukraine Crisis Grips
LONDON—The euro edged up from 22-month lows on Tuesday as war in Ukraine darkens Europe’s economic outlook, while currencies sensitive to soaring commodity prices were volatile. Russia’s invasion of Ukraine has led to increased demand for assets seen as safer across markets, with the dollar—the world’s reserve currency—up around 3 percent over nearly two weeks…
Euro Eyes Void Below Parity Versus Swiss Franc on Stagflation Shock
LONDON—The euro briefly sank below parity versus the Swiss franc for the first time in seven years on Monday and held at a 22-month low versus the dollar as soaring oil prices stoked fears of a stagflationary shock that could hammer Europe. The conflict in Ukraine and harsh international sanctions on Moscow have sent Russian…
Ukraine War Sends Euro Below $1.10 for First Time in Two Years
March 4, 2022
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LONDON—The euro fell on Friday below $1.10 for the first time in almost two years and hit a fresh seven-year low versus the Swiss franc as the war in Ukraine lowered expectations of European economic growth. The European single currency was down 0.8 percent to $1.0967, its weakest level since May 2020, after Russian forces…
Euro Zone Business Growth Accelerated in February as Omicron Faded: PMI
LONDON—Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a survey mostly conducted before Russia invaded Ukraine. As the Omicron coronavirus variant swept across Europe earlier this year, many governments reimposed restrictions. But most of those curbs have been eased. IHS Markit’s…
Battered Euro Hits Lowest Since 2016 Versus Sterling, Oil Surge Bites
March 3, 2022
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LONDON—The euro slid to its lowest level in almost six years against Britain’s pound and was pinned near 21-month lows versus the dollar on Thursday, as a fresh surge in energy prices heightened worries about the euro area economic outlook. With Brent crude hitting a nine-year high above $119 per barrel, a dash for resources…
Euro Slides as Investors Fret Ukraine Crisis Will Hit Economy
LONDON—The euro plunged to its weakest since May 2020 on Wednesday as investors worried about the impact of an escalating conflict in Ukraine on the region’s economic prospects, while demand for dollars rose as nervous traders looked for safety. The common currency fell half a percent to as low as $1.1069. Adding to the euro’s…
Euro Crawls Back as Market Weighs Impact of Sanctions, Invasion
LONDON—The euro edged up on Friday following Thursday’s sharp declines in the wake of Russia’s invasion of Ukraine. The dollar edged lower against most currencies as markets walked back some of the tumultuous moves from the previous day. Russia’s rouble also recovered some ground, trading at around 83.5 per dollar, having hit a record low…
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