The dollar hit a new five-year high on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own as a hawkish turn from the European Central Bank was offset by g
The euro retreated from its overnight gains on Thursday following the European Central Bank's announcement it will phase out its stimulus in the third quarter
The euro touched a 22-month low of $1.0804 earlier in the week, with investors expecting the crisis in Ukraine to have a sizeable impact on European growth.
The statement from the central bank, released at 1245 GMT sent the yield of euro zone government bonds sharply higher and saw the dollar index reverse into negative territory
Traders were looking to the ECB meeting later in the day for clues about how policy makers will balance the risk of higher inflation with the damage war in Ukraine will cause to economic growth
Sterling rose 0.4% against the dollar to $1.3148, Poland's zloty jumped 1.8% against the greenback to 4.3808 and Hungary's forint surged 2.8% to 345.80.
Other European currencies such as Poland's zloty and Hungary's forint rebounded from record lows against the euro, both supported also by their central banks' sharp interest rate hikes on Tuesday.
The euro regained ground on the day after five sessions of declines, but is still trading near a trough of $1.08060 on Monday - its lowest since March 2020
By David Henry and Saikat Chatterjee
Euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as Ukraine war drove up commodity prices and stoked fears of a stagflationary sho
Oil prices soared more than 10% in hectic trading as the risk of a US and European ban on Russian product triggered what was shaping up as a major stagflationary shock for world markets
The major U.S. stock indices declined less as Europe's dependence on Russian energy and its proximity to Ukraine has slammed the continent more than other parts of the globe
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
Euro fell to $1.1008 in early Asia trade, its weakest since May 2020, following news Ukraine's Zaporizhzhia nuclear power plant was on fire after an attack by Russian troops
The euro was last at $1.1097 in the Asia session, only a little above its overnight trough of $1.1058, its lowest since May 2020.
The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering a slightly to last trade at $1.1114
The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and a surging oil price raised investor concerns about a hit to Europe's economy and growth
The rouble was down around 4% on the day, trading at 97.036 per dollar, a day after it collapsed to a record low of 120 per dollar
U.S. 10-year Treasury futures rose a full point, while the Russian rouble indicated as much as 25% weaker at a new record low around 112 per dollar.
The euro was last at $1.1175, edging 0.15% lower against the dollar, having touched its lowest $1.1106 since May 2020 on Thursday