The dollar index, which measures the greenback against six peers, dipped 0.1% to 98.222
NEW YORK (Reuters) - The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.
The dollar traded near a five-year high against the yen on Wednesday as investors awaited a Federal Reserve policy decision, with the Ukraine war and China's surging Covid-19 cases as the backdrop
Analysts attributed the revival of risk appetite to the fact that Russian and Ukrainian negotiators hinted at progress in peace talks
After uncertainty about the war in Ukraine prompted a market sell-off on Friday, stock markets rebounded on Monday and commodity prices edged back down
The dollar hit a five-year high against the yen on Monday, as traders braced for the U.S. Federal Reserve to begin hiking rates, while reckoning the Bank of Japan remains dovish
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
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
The rouble started the week in dramatic circumstance, plunging as much as 30% to a record 120 per dollar after Western countries and their allies slapped Russia with new sanctions
The euro fell as much as 1.2% to $1.1164, the lowest level since Jan. 31
The euro was up 0.1% against the dollar at $1.1340 after hitting its lowest on Tuesday since Feb. 14 at $1.1286
Russian President Vladimir Putin ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest level since November 2020
Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent on Monday
Safe-haven Japanese yen fell back on Friday and the Australian dollar advanced as investors took comfort from news of talks between the United States and Russia over the crisis in Ukraine.
Bitcoin was trading around $40,500, around a two-week low, after a tumble late on Thursday left it down 7.6% on the day
U.S. President Joe Biden said on Thursday there was now every indication Russia was planning to invade Ukraine in the next few days
The US Dollar is set to break a two-day losing streak on Thursday, while the Japanese yen gained, after Russia reports of fire in eastern Ukraine jangled market nerves and boosted safe haven bets.
After the news of Russian troops near Ukraine returning back to their bases, Euro marches higher on Tuesday, almost wiping out Monday losses, while Yen still struggles.
The euro continued to retreat from near a three-month high to Japan's currency
The US Federal Reserve meets next week