Dollar Down, Euro Falls to Lowest Since June 2020 on Russia’s Invasion of Ukraine By Investing.com
© Reuters
By Gina Lee
Investing.com – The dollar was down on Wednesday morning in Asia, but the moves were small. Investors flocking to safe-haven assets as Russia’ invasion into Ukraine intensified.
The that tracks the greenback against a basket of other currencies inched down 0.01% to 97.382 by 9:58 PM ET (2:58 AM GMT).
The pair inched up 0.09% to 115.00.
The pair was up 0.45% to 0.7280, while the pair was up 0.37% to 0.6781.
The pair stabilized at 6.3125, while the pair inched up 0.05% to 1.3327.
The euro was last down 0.8% on the day after diving to its lowest since June 2020. Russian rouble was down as the invasion of Ukraine intensified.
Morgan Stanley (NYSE:) analysts said in a note that they were closing trade recommendations for long euro against the U.S. dollar, yen, pound and the Brazilian real and were “neutral on the euro overall.”
“Investors who have assets in Russia that will be increasingly…
