The euro falls due to risk aversion and awaiting the Fed’s minutes

Frankfurt (Germany), Apr 6 (.).- The euro has depreciated this Wednesday to its lowest against the dollar for a month, below 1.09 dollars, due to risk aversion due to the war in Ukraine and the new sanctions on Russia.

The euro was trading at $1.0920 around 3pm GMT, versus $1.0939 in late European forex trading the previous day.

The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0923 dollars.

The US announced on Wednesday a total blockade of the two main Russian banks and sanctions against the two daughters of Russian President Vladimir Putin, after the massacre perpetrated in the Ukrainian city of Bucha, where hundreds of civilians were found dead after the withdrawal of troops from the Kremlin.

The European Union (EU) is going to promote more sanctions on Russia, which include prohibiting the import of , without ruling out measures against it and gas, while Russia announces that it will denounce the economic sanctions in international courts.

The markets are also waiting for the Federal Reserve (Fed) to publish the minutes of its latest monetary policy meeting, while the yield on US Treasury debt increases.

The single currency was traded in a trading band between 1.0875 and 1.0938.