EUR/USD (Euro –US Dollar)

The Russian rouble slumped to a more than 11-month low against the dollar and euro on Friday, buffeted by geopolitical headwinds over the conflict in Ukraine and struggling to benefit from higher oil prices. The Russian currency has now lost the support of month-end tax payments that usually see exporters convert foreign exchange revenues into roubles. The rouble has been on a steadily weakening trend throughout March and the first quarter, under external pressure since a Western price cap on Russia's oil sales came into force in early December alongside a European Union embargo on buying sea-borne Russian oil.

The Euro has rallied significantly during the trading week to pierce the 1.09 level but looks as if it is running into a bit of resistance.

The dollar pared gains against the euro on Friday after U.S. data showed personal consumption expenditure growth slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could see the Fed raising interest rates one more time this year. Earlier in the session, data showed euro zone inflation dropped by the most on record in March, but core price pressures, which exclude food and energy, accelerated, maintaining pressure on the European Central Bank to keep raising rates.

The Euro has found a bit of trouble near the 1.09 level again, as it’s an area that has been important multiple times.

The European common currency was at $1.0883, down 0.2% on the day, but heading for a 1.1% weekly gain, its most in 11 weeks, as well as monthly and quarterly increases. Europe-wide inflation data is due at 0900GMT. Higher than-expected German inflation figures released Thursday have reinforced expectations that there are a few more rate increases left from the European Central Bank.

The Russian rouble traded steady against the dollar on Friday but pulled back from a more than 11-month low against the euro, supported by relatively higher oil prices while buffeted by geopolitical headwinds over the conflict in Ukraine. The rouble has been on a steadily weakening trend throughout March and the first quarter, under external pressure since a Western price cap on Russia's oil sales came into force in early December alongside a European Union embargo on buying sea-borne Russian oil. The risk of lower export earnings as a result, the cost of reorienting raw material supplies east and the recent plunge in oil prices to a more than one-year low have all impacted the rouble rate.

The index is down 1.3% year to date, extending a 7.7% fall in the fourth quarter of 2022. The turmoil in the U.S. banking sector, primarily, has resulted in traders reassessing their view of future Federal Reserve moves, and now see U.S. interest rates as close to peaking which would erode the dollar's yield advantage. The Fed's favorite gauge of inflation, the core PCE price index, is due later in the session, and is expected to show that the index, which strips out energy and food prices, will rise 0.4% from the prior month and 4.7% for the year through February.

The U.S. dollar fell to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank to further tighten its monetary policy. The European Central Bank, which has made it clear future rate hikes will depend on economic data, has increased its key deposit rate by 350 basis points to 3% since July as it seeks to tame surging inflation.

The dollar slipped to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank to further tighten its monetary policy. The European Central Bank, which has made it clear future rate hikes will depend on economic data, has increased its key deposit rate by 350 basis points to 3% since July as it seeks to tame surging inflation.

The Euro has initially dipped during the trading session on Thursday, but then turned around to reach towards the 1.09 level. That being said, there is a ton of resistance above.

NEW YORK (Reuters) -The U.S. dollar fell to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank to further tighten its monetary policy. The European Central Bank, which has made it clear future rate hikes will depend on economic data, has increased its key deposit rate by 350 basis points to 3% since July as it seeks to tame surging inflation.

The Euro has gone back and forth during the day, showing signs of hesitation as we may be running into yet another brick wall.

Risk-sensitive AUD/USD fell 0.4% to 0.6680 after softer-than-expected inflation data for February, USD/JPY rose 0.8% to 131.93, with the safe haven yen hit hard, while USD/CNY rose 0.2% to 6.8895, heading back towards the keenly-watched 7 level amid uncertainty over the strength of the Chinese economic rebound this year.

The Euro has rallied a bit against the US dollar during the trading session on Tuesday, as we continue to see a lot of choppiness in the Forex world.

The Euro initially fell during the trading session on Monday but did find a handful of buyers underneath to turn things around slightly.

Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained. The dollar index rose 0.536% at 103.140, with the euro down 0.71% to $1.0753. The pound touched a seven-week high of $1.2341 on Thursday in volatile trading after the Bank of England raised interest rates by 25 bps to 4.25%, but said a surprise resurgence in inflation would probably fade fast, stoking speculation it had ended its run of hikes.

The Euro spiked early in the week but has given back quite a few of those gains as we continue to see noisy and indecisive behavior.

The Euro fell during the trading session on Friday, to reach down to the 1.07 level.

European Central Bank head Christine Lagarde told EU leaders euro zone banks were resilient because they have strong capital and liquidity positions, but that the ECB could provide liquidity if needed, EU officials said on Friday. Lagarde was presenting her assessment of economic and financial developments to EU leaders as European banking stocks fell sharply, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks have not yet contained the worst problems. "The euro area banking sector is resilient because it has strong capital and liquidity positions," EU officials at the meeting reported Lagarde as telling the leaders.

The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment. Flash Purchasing Managers' Index (PMI) data failed to lift the single currency as sentiment in markets were fragile with European banks falling 5.3%. "The data were better than expected, but the mood in the market is risk aversion which is supporting another move back to the safe haven dollar," she added.