Dollar exchange rate rises against euro

The US dollar is rising against the euro for the third day in a row due to global pessimism, while investors are watching the situation around Ukraine and sanctions against Russia.

The euro exchange rate against the dollar fell to $1.1115 per euro from the previous close of $1.1126, the dollar against the yen rose to 115.09 yen per dollar from 114.89 yen. The dollar index (the exchange rate against a basket of currencies of six countries - the main trading partners of the US) increased by 0.07%, to 97.48 points.

Traders continue to monitor the situation around Ukraine. Earlier, a number of countries introduced restrictive measures against Russia after the start of a military operation in Ukraine. So, on March 1, the permanent representatives of the EU countries approved a number of sanctions against the Russian Federation, including the disconnection of certain Russian banks from SWIFT.

The Russia-Ukraine conflict clearly shows no signs of easing, according to IG analysts quoted by the Wall Street Journal, raising fears of further economic turmoil and more sustained price pressure going forward.

On March 2 evening, investors are also looking forward to the publication of the Beige Book - monthly comments of the US Federal Reserve on the economic situation in the country.

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