The US dollar was slightly lower, just off its highest since May 2020, while the yen staged a modest rebound after crashing to its lowest level since August 2015 on Monday
Gazprom has asked GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency
The euro was edging higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range
The dollar climbed while the euro weakened as oil prices shot higher again with Biden poised to announce, alongside European leaders, new sanctions against Russia during his trip to Europe.
The dollar index rose 0.291%, with the euro down 0.46% to $1.0976.
The European Union currently seems unlikely to agree to a ban on Russian oil which would also weigh on the euro
The dollar index paused for breath on Friday, recovering slightly to 98.18 after declining every other day this week, and was set for a 1% loss over the period
The US dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve's monetary policy outlook
New Fed projections showed policymakers ready to shift their inflation fight into high gear; most of them see the federal funds rate rising to a range between 1.75% and 2% by the end of 2022
A stronger euro overshadowed the dollar index that has gained during the war in Ukraine.
By David Henry and Stefano Rebaudo
By Stefano Rebaudo
The euro was 0.25% higher at $1.1023 as of 1225 GMT, after rising as high as $1.11215 on Thursday in a choppy day.
The U.S. dollar climbed to a five-year high on the yen after a strong U.S. inflation report.
The dollar hit a new five-year high on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own as a hawkish turn from the European Central Bank was offset by g
The euro retreated from its overnight gains on Thursday following the European Central Bank's announcement it will phase out its stimulus in the third quarter
The euro touched a 22-month low of $1.0804 earlier in the week, with investors expecting the crisis in Ukraine to have a sizeable impact on European growth.
The statement from the central bank, released at 1245 GMT sent the yield of euro zone government bonds sharply higher and saw the dollar index reverse into negative territory
Traders were looking to the ECB meeting later in the day for clues about how policy makers will balance the risk of higher inflation with the damage war in Ukraine will cause to economic growth
Sterling rose 0.4% against the dollar to $1.3148, Poland's zloty jumped 1.8% against the greenback to 4.3808 and Hungary's forint surged 2.8% to 345.80.