The euro experiences slight improvement on the second day of aggression against Ukraine

©Reuters. The euro experiences slight improvement on the second day of aggression against Ukraine

Berlin, Feb 25 (.).- The euro experienced a slight rise this Friday after having fallen sharply due to the panic unleashed after the invasion of Ukraine and, as of European noon, began to climb until closing the day with gains of around at 0.5%.

The euro was trading at $1.1237 by 4pm GMT, versus $1.1120 in late European forex trading the previous day.

The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1216 dollars.

Investors, concerned about the situation in Ukraine and the effect of the round of sanctions against Russia announced by the European Union (EU), preferred to continue betting on the Japanese yen, while the dollar also fell.

The European finance ministers reject for the moment to include the disconnection of Russia from the SWIFT payment system in the catalog of sanctions due to the impact that the measure could have for the economies of the Eurozone.

The single currency was traded in a fluctuation band between 1.1166 and 1.1267.

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