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The risk of war in Ukraine<\/strong> led the euro lower on Friday and it suffered losses, hitting $1.1346 on Monday, well below last week’s $1.1495.<\/p>\n <\/p>\n The Russian ruble is struggling and has seen its biggest drop in two years, again due to the high tensions remaining between Russia and Ukraine<\/strong>.<\/p>\n <\/p>\n The Australian and New Zealand dollars<\/strong> were also pinned below last week’s levels. The New Zealand dollar fell 0.5% to $0.6622 and the Australian dollar eased 0.2% to $0.7119. Australian jobs data due Thursday and risk pushed the Aussie dollar’s volatility gauges to new highs.<\/p>\n <\/p>\n The yen<\/strong> rose to 115.53 yen from a five-week low of 116.34 last week.<\/p>\n <\/p>\n “With Fed hike expectations rising again and geopolitical tensions in Ukraine escalating dramatically, the dollar index is likely to be back in the spotlight<\/em>,” Westpac analysts said.<\/p>\n <\/p>\n This Monday, European Central Bank President Christine Lagarde<\/strong> will address the European Parliament as well as St. Louis Fed President James Bullard<\/strong>, who shook the markets with controversial comments following last week’s inflation data.<\/p>\n <\/p>\n The British pound<\/strong> held steady at $1.3542 on Monday as investors were confident that the Bank of England will raise rates next month and assess about a 40 percent chance of a 50 basis point increase.<\/p>\n <\/p>\n <\/p>\n Read also > STOCK MARKET : US EMPLOYMENT REASSURES, ASIAN STOCKS BELOW EXPECTATIONS<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Getty Images[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n The risk of war in Ukraine<\/strong> led the euro lower on Friday and it suffered losses, hitting $1.1346 on Monday, well below last week’s $1.1495.<\/p>\n <\/p>\n The Russian ruble is struggling and has seen its biggest drop in two years, again due to the high tensions remaining between Russia and Ukraine<\/strong>.<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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The dollar and safe-haven currencies held firm but struggled to gain traction on Monday as shareholders remained anxious about the prospect of war in Europe and unsettled by soaring inflation.<\/h4>\n