Dollar Strengthens as Russia-Ukraine Talks Stall and Tariff Concerns Grow

Tensions over U.S.-Russia negotiations and new tariff threats drive global currency shifts, with the euro and Australian dollar under pressure.

U.S. dollar gains traction as investors seek safe-haven assets due to stalled Russia-Ukraine peace talks and increased tariff threats from the Trump administration.
Ukraine President Zelenskiy criticized U.S.-Russia negotiations for excluding Ukraine and postponed his Saudi Arabia visit, citing concerns over legitimacy.
Russia hardened its stance in peace talks, demanding NATO retract its 2008 promise of future membership for Ukraine.
The euro fell for a second day, erasing last week's gains spurred by earlier optimism for a peace deal, as U.S.-EU divisions on the conflict became apparent.
The Reserve Bank of Australia and New Zealand both cut interest rates, with the Australian dollar flat and the New Zealand dollar steady ahead of further rate decisions.