Euro under pressure from Ukraine tensions, Fed's meeting

2022-01-26 10:11:48 GMT (Economies.com)
Euro under pressure from Ukraine tensions, Fed's meeting

Euro fell in European trade against dollar for third straight session, marking five-week lows amid concerns about Ukraine's tensions, and ahead of Fed's policy decisions.

 

EUR/USD fell 0.2% to 1.1284, with an intraday high at 1.1310, after closing down 0.2% yesterday, marking five-week lows at 1.1263. 

 

Western leaders are preparing for a potential Russian military incursion in Ukraine, with Europe and US leaders agreeing on imposing strict economic sanctions on Russia if an attack took place. 

 

Russia said it's monitoring with great concern US decision to deploy 8500 US soldiers in Europe in preparation for Russian escalation. 

 

The dollar index rose 0.2% on Wednesday, the third session in a row, on track for three-week highs against a basket of rivals. 

 

Dollar is gaining safe haven appeal as geopolitical tensions spike, and ahead of the Federal Reserve's policy decisions today.

 
 
 
  Symbol Last Change Chg.%
1.0744
0.0092
0.8599%
1.2624
0.0062
0.4919%
22.117
0.205
0.936%
113.829
3.690
3.350%
117.00
-0.29
0.25%
1853.650
-2.785
0.150%
 
 
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