Forex Today: Euro tumbles as EU/Russia tensions rise, Russo-Ukraine peace talks optimism fades By Frank_Macro DollarIndex EURUSD GBPUSD USDJPY
tumbled on Thursday as investors fretted about rising EU/Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the continent.
The best performing G10 currency was again the Japanese yen, with the safe-haven currency benefitting from the downside bias to global equity market trade and in global bond yields, thus extending on a much overdue month/quarter-end recovery after weeks of underperformance. USD/JPY stabilized below the 122.00 level, with the bears eyeing a retest of 120.00. GBP/USD, meanwhile, was a tad higher on the day, but remained within recent intra-day ranges in the mid-1.
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