Euro rises as Russia says it remains open to diplomatic dialogue By Reuters

©Reuters. Illustrative file image of US dollar, Swiss franc, British pound and euro banknotes taken in Warsaw, Poland. January 26, 2011. REUTERS/Kacper Pempel

By Joe Alves

LONDON, Feb 22 (Reuters) – The euro rose against the dollar on Tuesday, after falling to its lowest level in more than a week, as traders hoped a war in Ukraine would be averted after a Kremlin spokesman he stated that Moscow remained open to diplomacy.

* Following orders from Russian President Vladimir Putin to deploy troops to two breakaway regions of Ukraine, the euro fell to an eight-day low against the dollar.

* By 1330 GMT, the euro was up 0.4% at $1.1352 after reports the Kremlin hoped Russia’s recognition of two breakaway Ukrainian regions as independent would help restore calm and Russia would confirm boundaries. of the breakaway regions.

* The euro also rose briefly against the risk-sensitive Swedish krona to hit its highest level since May 2020.

* Rising risk aversion amid rising gas prices and concerns about a possible war in Ukraine have pushed the euro’s volatility index to a 15-month high, with the West promising sanctions in response to Putin’s troops. in Ukraine.

* Another safe-haven currency, the US dollar, fell 0.2% to 95.938 against a basket of currencies, including the euro, as investors await further developments in the crisis.

* Cryptocurrencies were also under pressure, although he timidly rebounded 1.33% to $37,557.37.

(Reporting by Joice Alves. Editing in Spanish by Marion Giraldo)

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