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Foreign exchange market: The dollar stable against the euro this Friday

18/02/2022
Categories: Economy/Forex

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Tensions between Russia and the West over a potential invasion of Ukraine continue to influence risk appetite levels in financial markets. Thus, the dollar remains stable this Friday against the European currency.

The meeting on the Ukraine crisis between Russian and US officials was welcomed by investors, boosting risk assets. The dollar therefore stabilized after falling against the euro on Friday. Around 11:30 a.m., the greenback was trading at 1.1367 dollars for one euro (-0.06%). The news surrounding the crisis in Ukraine oscillates between signals of easing, which could weigh on the dollar and stimulate riskier assets, and escalating tensions.

The yen, a safe haven, gained ground against the dollar. The dollar slipped to a new two-week low of 114.78 yen in early Asian trade, and is down 0.5% since the start of the week.

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