While traders are struggling to position themselves between geopolitical fears and monetary tightening by the Fed, the euro rose against the US dollar and the British pound on Friday.

This Friday, the British pound suffered from a disappointing indicator in the United Kingdom. It yielded 0.21% to 1.3571 dollars for one pound and 0.45% to 83.55 pence for one euro. Also, around 10:45 a.m. GMT (11:45 a.m. CET), the euro gained 0.23% to 1.1338 dollars for one euro. Since the start of the year, the single European currency has lost 0.3% against the greenback. After benefiting at the end of 2021 from the prospect of a tightening of the US Federal Reserve's monetary policy, the greenback is struggling to make a lasting comeback. The dollar was on course for its best week in a month against its main rivals on Friday, as the global reserve currency continued amid a pullback in riskier assets in the markets. The Dollar Index edged down 0.1% on the day to 95.655 but was on course for a weekly gain of 0.5%, its best performance since mid-December.

The Swiss franc, for its part, took advantage of its status as a safe haven and gained 0.31% to 1.0966 Swiss francs for one euro, approaching its peak in six years reached on December 31 at 1.0326 Swiss francs. . Currencies seen as riskier bets, including the Australian and New Zealand dollars, lost ground, while those seen as safe havens, such as the Japanese yen and Swiss franc, strengthened. The Aussie and Kiwi both fell more than 0.5% against the dollar, last at $0.71860 and $0.67100. The Swiss franc strengthened 0.4% to 0.91350 francs per dollar, while the yen gained up to 0.4% to 113.625 yen per dollar. For its part, bitcoin suffered from risk aversion and fell 5.7% to 38,988 dollars.