Dollar in doldrums amid Ukraine hopes, traders weigh Fed’s rate plans
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration
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TOKYO, March 18 (Reuters) – The U.S. dollar headed for its first down week in six versus major peers on Friday, languishing near a one-week low, as investors continued to assess the impact of the start of the Federal Reserve’s rate tightening cycle this week.
The safe-haven greenback also lost traction – while the euro benefited – as traders stayed optimistic for an end to the war in Ukraine as talks continued between Moscow and Kyiv, although progress on Thursday was elusive. read more
Sentiment also improved after Russia avoided default on dollar-denominated debt. read more
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A phone call between U.S. President Joe Biden and Chinese leader Xi Jinping later on Friday, with the U.S. warning China not…
