©Reuters. The euro rises on optimism about a diplomatic solution in Ukraine
Frankfurt (Germany), March 14 (.).- The euro has risen this Monday to close to 1.10 dollars, due to some optimism regarding a diplomatic solution in Ukraine, but has lost some positions later due to the caution of investors.
The euro was trading at $1.0980 around 4pm GMT, versus $1.0952 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0960 dollars.
Optimism in the markets regarding the possibility of a diplomatic solution in the conflict between Russia and Ukraine led the euro to touch $1.10 in the first hours of European trading, but lost positions again after the Kremlin said that he will complete his plans in Ukraine.
Markets will pay close attention this week to the Federal Reserve’s (Fed) monetary policy meeting where it will raise interest rates for the first time since 2018, probably by 25 or 50 basis points.
The single currency was traded in a trading band between 1.0901 and 1.0990.
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