BUZZ-COMMENT-US recap: EUR/USD slides for third day, havens firm
Feb 19 (Reuters) - The dollar rose along with other haven currencies on Wednesday as tariff threats from U.S. President Donald Trump and concerns about the status of Ukraine peace negotiations weighed on investor sentiment.
U.S. President Donald Trump called Ukrainian President Volodymyr Zelenskiy a "dictator without elections" after the Ukrainian leader earlier on Wednesday accused Trump of being trapped in a "disinformation bubble."
The greenback was further underpinned by rising energy prices with natural gas jumping to the highest level since December 2022.
Treasury yields were little changed just ahead of the minutes of the Fed’s January’s policy meeting. Several Fed speakers are slated to speak on Thursday.
Risk sentiment briefly improved after a New York Times report that U.S. President Donald Trump was eyeing a bigger and better trade deal with China.
EUR/USD slid for a third day, but the losses were mitigated by increasing yields in Europe. Yields firmed on the prospect of more defense spending in the region and possible German stimulus after weekend elections. Turning stochastics favor EUR/USD bears though, while converging 55-day and 21-day moving averages near 1.04 lend nearby support.
GBP/USD fell after a stronger-than-expected UK inflation print sent the pair to a two-month high. The 100-day moving average at 1.2659 offers nearby resistance to an otherwise bullish trend since its January low.
USD/JPY trimmed a loss after testing support near 151.20 amid weaker U.S. share prices and a one-week low in EUR/JPY. Low levels of implied volatility suggest momentum in the pair will remain limited.
The Australian dollar eased ahead of January employment data and comments by Reserve Bank of Australia's Andrew Hauser on Thursday
Treasury yields were down marginally as the curve steepened. The 2s-10s curve was up about 2 basis points to +26.2bps.
The S&P 500 was little changed after paring earlier losses
Oil held near a one-week high on supply concerns while natural gas rallied for a second day
Gold eased 0.38% due to a strengthening dollar
Heading toward the close: EUR/USD -0.21%, USD/JPY -0.38%, GBP/USD -0.28%, AUD/USD -0.09%, =USD +0.18%, EUR/JPY -0.59%, GBP/JPY -0.64%, AUD/JPY -0.46%.
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