Safe-heaven dollar gains between stress-rusa-ukrain talks; Australian flat after rate cut

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Gartrud Chavez-Drapus and Greta Rosen Fondhan

New York/GDANSK-US dollar was upgraded against major currencies on Tuesday, with disadvantages under the euro, to get safe-heaven dialects between tariff worries and peace talks on Russia-Ukraine conflict which is full of stress and misunderstanding .

The Australian dollar, meanwhile, initially, was held near the height of two months after the Reserve Bank of Australia cuts cut, but warn on further spontaneity. But the temporary support for the Australian currency has ended due to purchasing a broad dollar amidst global geopolitical stress.

Traders were monitoring the Riyadh talks associated with the US and Russian officials on Tuesday with the aim of ending the Ukraine war. Ukraine’s President Volodimier Zelansky said that no peace deal can be done behind the back of his country. He postponed his visit to Saudi Arabia employed for Wednesday till 10 March.

“Last week, there was a lot of optimism about the possibility that America would manifest something … the figure around a peace deal in Russia and Ukraine,” said Global Rates in McCweri in New York and FX strategist Theory Vizman. “This has not happened. And it has been mostly the Euro that has beaten.”

In midmourning trading, the euro fell 0.3% to $ 1.0453, withdrawing for a second straight session. Last week, the euro reached a height of two weeks on the expectation of a peace deal.

Russia has rigid its demands for a peace deal, demanding that NATO moves forward by removing the promise made at a summit in Bucharest in 2008 that Ukraine will join the future, unspecified date.

US President Donald Trump, meanwhile, has threatened the new tariff on the European Union that it is in a wide aggressive due to trade surplus with the United States, in a wide aggressive that economists say that the global economic recession may trigger.

Against Yen, the dollar grew 0.1% to 151.665. After the data, it was the advantage that the homebuilder’s spirit was shown at a five -month low in February, which would combine tariffs with high mortgage rates on imports to further increase the cost of housing.

The National Association of Home Builders/Wells Fargo Housing Market Index fell five points to 42 this month, the lowest reading since September.

Yen has been on the back leg after its recent advantage as the strong growth data of Bank of Japan this year has increased interest rates again this year, seen as a live meeting.

On Monday, Japan’s solid October-December-December GDP data, in collaboration with recent inflation numbers, helped to lift the yen. This is 3.5% against the dollar so far in 2025.

Sterling reduced 0.1% to $ 1.2615, hurt by a strong dollar, intensifying the British wage growth despite showing data. [GBP/]

Investors will also be focused on issuing minutes of the minutes of the Federal Reserve meeting on Wednesday, which can show how policy makers are responsible for the risk of comprehensive tariff war as a result of President Donald Trump’s trade policies.

Last week, data showed us that in January about 18 months in January, consumer prices increased at the fastest speed, strengthening the fed message that there was no hasty to resume the cut rates amid growing economic concerns. .

According to LSEG estimates using January 2026 Futures Contract, US rate futures have given the price of reducing about 39 base points in 2025, compared to 41 bps on Friday. Futures also said that the Fed will resume the cutting rates again in the September or October policy meeting.

The dollar index, which measures its performance against six other major currencies, was 0.2% higher at 106.92, but still not away from a two -month low of 106.56, which was touched on Friday.

In Australia, the RBA on Tuesday cut its cash rate by 25 BPS in its first ease since the 2020 epidemic and said it was cautious about the possibilities of ease in further policy.

After the decision, the Australian dollar flat was left at US $ 0.6354 after the initial explosion of the chopness. Australians touched a two -month high US $ 0.6374 on Monday and was 2.4% in February. [AUD/]

Swap is only 20% likely for a follow -up cut in April, although a step in May is still almost completely perfectly priced.

Descripti ric last US pct ytd pct high low

Dollar 106.88 106.72 0.17% -1.48% 107.07 106.

Euro/Doll 1.0459 1.0484 -0.23% 1.03% $ 1.0487 $ 1.0

Dollar/This 151.53 151.445 0.14% -3.62% 152.205 151.

Euro/Yen 158.49 158.82 -0.21% -2.9% 159.19 158.

Dollar/SW 0.9014 0.9008 0.09% -0.65% 0.9035 0.89

Sterling/ 1.2615 1.2626 -0.06% 0.9% $ 1.2627 $ 1.2

Dollar/CA 1.4187 1.4182 0.05% -1.33% 1.4213 1.41

Australian/DO 0.6354 0.6357 -0.02% 2.71% $ 0.6367 $ 0.6

Euro/SWIS 0.9426 0.9442 -0.17% 0.35% 0.9446 0.94

Euro/Ster 0.829 0.8303 -0.16% 0.21% 0.8309 0.82