The dollar rose as much as 0.7%, extending on last week's 0.4% gain
Safe-haven Japanese yen fell back on Friday and the Australian dollar advanced as investors took comfort from news of talks between the United States and Russia over the crisis in Ukraine.
The dollar bounced on Thursday after a Russian news report of mortar fire in eastern Ukraine jangled market nerves and sent investors in to safe havens.
LONDON (Reuters) - European stocks opened slightly higher on Tuesday, the dollar eased and gold was just below an 8-month high as investors remained focused on the risk of Russia invading Ukraine.
A Russian attack could begin any day and would likely start with an air assault, White House national security adviser Jake Sullivan told a media briefing
CPI rose 0.6% last month from December, the Labor Department said, while in the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982
A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion
If the jobs report out of the United States encourages the Fed's hawkish mood, it should lead to a significant breakdown in gold, DailyFX currency strategist Ilya Spivak said
The Aussie was huddled at $0.7036, having shed 2.5% last week to the lowest since July 2020 at $0.6967
Dollar steadily rose in a week highlighted by a more hawkish tone coming out of a Federal Reserve meeting
The dollar was in the limelight even as broader currency markets quietened somewhat after an eventful week in global markets punctuated by a hawkish Federal Reserve meeting
The Aussie was stuck at $0.7094, having shed 0.5% overnight to test the recent two-month trough of $0.7090
Tensions in Ukraine have been increasing for months after the Kremlin massed troops near its borders, which the West says is preparation for a war to prevent Ukraine from joining NATO
Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush to speed up plans for tightening monetary policy
Turkey's lira steadied and held to its recent gains amid a rollercoaster ride for the currency this week
The blue-chip Dow posted its best one-day percentage gain since March with Boeing Co providing the biggest lift
The dollar index against major currencies was up 01% in the afternoon in New York after having fallen 0.3% in the morning
All three major US stock indices opened the trading day lower
Spot gold dropped 0.6% to $1,851.31 per ounce by 0928 GMT, after hitting a five-month peak on Wednesday
The dollar rose on Thursday, hitting a 16-month high a day after the strongest US inflation reading in more than three decades