Frankfurt (Germany), Feb 23 (.).- The euro has been changed this Wednesday in a narrow band around 1.1350 dollars due to concerns about Russia’s invasion of Ukraine.
The euro was trading at $1.1308 as of 4:15 p.m. GMT, versus $1.1333 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1344 dollars.
“Currency markets soon recovered and started rising against the dollar as Western officials progressively softened their talk on the scope of sanctions,” after Russian President Vladimir Putin acknowledged Russian separatists and ordered to the troops that protected them in the Donbas region, consider Monex Europe analysts.
Hope remains that a diplomatic solution can be achieved and that war will be averted.
The single currency was traded in a fluctuation band between 1.1306 and 1.1359.
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