Euro steadies after tumble post Ukraine-invasion ✔️ Stratford Management Tokyo Japan

February 25, 2022
Posted by: Stratford Team
Category: Economy

A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel

LONDON, Feb 25 (Reuters) – The euro steadied on Friday following Thursday’s sharp declines after Russia’s all-out invasion of Ukraine unleashed the biggest attack on an European state since World War Too.

The dollar flattened against most currencies as markets walked back some of the tumultuous moves from the previous day.

Russia’s rouble also recovered some ground, trading at around 82.8 per dollar, having hit a record low of 89.986 per dollar the day before. read more

“FX markets are slightly calmer this morning as the world tries to come to terms with war in Europe,” said Chris Turner

Global Head of Markets at ING.

The size and prominence of the sanctions on Russian banks and the size of their…