市場分析

Euro Bounces Back as Europe Leads Ukraine Peace Effort; Bitcoin Surges

Amos Simanungkalit · 03 Mar176.1K 閱讀

Image Credit: Reuters

The euro rebounded from a 2.5-week low against the U.S. dollar on Monday, and the British pound also advanced as Europe led renewed efforts to push for peace in Ukraine.

The Canadian dollar and Mexican peso both strengthened after U.S. Commerce Secretary Howard Lutnick suggested that the tariffs set to take effect on Tuesday may not be the full 25%. Bitcoin surged, approaching $95,000, after U.S. President Donald Trump named it among the cryptocurrencies to be included in a new strategic reserve.

The euro rose 0.4% to $1.0415 early in the Asian session, recovering from a low of $1.0360 reached on Friday after a tense meeting between Trump and Ukrainian President Volodymyr Zelenskiy. However, Zelenskiy received a warm reception in the UK shortly afterward, where Prime Minister Keir Starmer announced that European leaders had agreed to draft a peace plan for Washington.

Sterling gained 0.2%, reaching $1.2602. Tapas Strickland, head of market economics at National Australia Bank, noted that the "European momentum towards a Ukraine deal" was boosting the euro.

The Australian and New Zealand dollars, which Strickland described as "the whipping boys for global risk," bounced back from one-month lows. The Aussie rose 0.2% to $0.6220, and the kiwi gained 0.1% to $0.5606. The yen, a safe-haven currency, weakened by 0.1% to 150.52 per dollar.

The Canadian dollar and Mexican peso each saw a 0.2% rise, trading at C$1.4439 and 20.4891 pesos per U.S. dollar, respectively.

Lutnick indicated that tariff talks with Canada and Mexico are still "fluid," suggesting that the 25% tariffs might not be fully implemented. He also confirmed that additional 10% levies on China are expected to go ahead on Tuesday.

Meanwhile, the U.S. dollar index, which measures the greenback against major rivals, eased 0.1% to 107.21. The Chinese yuan rose by 0.1%, reaching 7.2873 per dollar in offshore trading.

Analysts at the Commonwealth Bank of Australia predict that the U.S. dollar's rally will continue this week, stating that "the trade war is intensifying" and that "peak tariff" has not yet been reached.

Bitcoin was trading at $92,905, up nearly 11% from Friday, and earlier hit $94,852.56, its highest since February 24. After dropping to $78,273 on Friday, Bitcoin rebounded sharply following Trump's announcement that the token would be part of his planned cryptocurrency reserve, alongside ether, XRP, solana, and cardano, all of which surged on the news.