FOREX CALL: SELL USDEUR BELOW 0.8872 TARGET 0.8842 STOPLOSS 0.8902
The dollar was down on Friday morning in Asia, and the euro attempted to claw back its losses from the previous day. The Russian invasion of Ukraine on Thursday hit the single currency hard, and investors fled towards safe-haven assets including the dollar, Japanese yen, and Swiss franc. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.13% to 96.960 by 10:32 PM ET (3:32 AM GMT). It rose as high as 97.740, its highest level since June 2020. The USD/JPY pair was down 0.22% to 115.27. The AUD/USD pair edged up 0.17% to 0.7175 and the NZD/USD pair inched up 0.04% to 0.6694. The Reserve Bank of New Zealand aims to hike interest rates as quickly as possible to contain inflation and avoid the need for even greater policy tightening in the future, according to Governor Adrian Orr. The USD/CNY pair edged down 0.16% to 6.3813 and the GBP/USD pair was up 0.26% to 1.3409. The Russian rouble also fell to a record low of 89.986 per dollar overnight, before recovering slightly. The euro last traded at $1.1196 after hitting its lowest level since May 2020, or $1.1106.
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