The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally.<\/p>\n\n\n\n
Russia’s invasion of Ukraine has boosted demand for assets seen as safer, with the dollar, the global reserve currency, rising nearly 3 percent in nearly two weeks as the crisis intensified.<\/p>\n\n\n\n
The euro regained strength on Tuesday after falling for five sessions, but it is still near the low of $ 1.08060 that it hit on Monday, its lowest level since March 2020 when the Covid-19 pandemic ravaged Europe.<\/p>\n\n\n\n
The Russian offensive in Ukraine continued on Tuesday, but at a slower pace. Russia describes its actions as a “special military operation”.<\/p>\n\n\n\n
The crisis led to a sharp rise in energy prices and concerns about inflation and the possibility of harming the global economic recovery.<\/p>\n\n\n\n
The dollar index was largely stable on Tuesday at 99.146, while the euro rose 0.2 percent to $1.08795.<\/p>\n\n\n\n
And the pound rose 0.2 to 1.31270 dollars after falling to a new low, the lowest in 16 months, at 1.30830 dollars earlier in the trading session.<\/p>\n\n\n\n
The yen slipped slightly to 115.57 per dollar.<\/p>\n\n\n\n
The Australian and New Zealand dollars fell from their highest levels in four months recorded on Monday.<\/p>\n\n\n\n
The Australian dollar was last down a third of a percent at $0.72905, while its New Zealand counterpart was largely flat at $0.68290.<\/p>\n","protected":false},"excerpt":{"rendered":"
The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, with the dollar, the global …<\/p>\n","protected":false},"author":9,"featured_media":55033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-61587","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=61587"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61587\/revisions"}],"predecessor-version":[{"id":61588,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61587\/revisions\/61588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55033"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=61587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=61587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=61587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}