©Reuters. The euro rises and exceeds 1.11 dollars after tension in Ukraine
Frankfurt (Germany), March 29 (.).- The euro has changed this Tuesday above 1.11 dollars after Russia announced the decision to reduce its military activity around the Ukrainian capital, kyiv, and the besieged northern city of Chernigov.
The euro was trading at $1.1100 around 4pm GMT, versus $1.0971 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1085 dollars.
Following negotiations held in Istanbul between the Russian and Ukrainian delegations, kyiv said it is willing to formally give up seeking NATO membership, if in return it receives firm guarantees from a group of ten countries, including the five members of the Council of Security of the United Nations, protection against all military aggression.
Consumer confidence fell in Germany to -15.5 points, from -8.5 points, according to the GfK economic institute’s index, as the conflict between Russia and Ukraine and inflation curb consumption.
The single currency was traded in a fluctuation band between 1.0969 and 1.1137.
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