Risk assets rebound on news that Russia is ready to send a delegation for talks with Ukraine. The US dollar is trading lower than its G10 peers with the Bloomberg dollar index trading 0.2% falling from its biggest weekly advance in a month. The conflict between Russia and Ukraine has sent oil prices higher and central banks around the world are taking notice of the impact on inflation.
February 25, 2022
EUR/USD 1.1233 GBP/USD 1.3388 USD/CAD 1.2778 AUD/USD 0.7228 USD/JPY 115.53 USD/CNH 6.3134 USD/ILS 3.2414 USD/MXN 20.4383 USD/CHF 0.9269 USD/INR 75.2925 USD/BRL 5.1447 USD/SGD 1.3533 USD/DKK 6.6280 USD/SEK 9.4332 USD/NOK 8.8714
USDThe US dollar fell against its peers despite statement from Fed official Waller supporting a half-point rate hike in March even with Ukraine uncertainty. US President Biden adds additional Russian sanctions amidst fear from the West that Ukraine’s capital Kyiv will fall.GBP
Sterling is trading slightly stronger, up 0.1% versus the USD. With commodity prices increasing, the impact to UK inflation could keep the BOE cautious.EUR
EUR/USD is trading higher on optimism for talks between Russia and Ukraine. EUR hit an intraday high of 1.1237 advancing as much as 0.4%.CAD
The Canadian dollar strengthens alongside peers as risk assets rebound. USD/CAD is trading 0.4% lower as WTI crude futures trade 0.5% higher.ASIA/PACIFIC
USD/JPY remains steady, trading within a range of 115.15 – 115.62. AUD and NZD rebound on short coverings following the yesterday’s losses.
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