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As discussions begin in Ukraine, the euro gains as it recovers a bit

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In Science and Space: The euro rose on Tuesday as Ukrainian and Russian negotiators met face-to-face in Turkey for the first time in over two weeks. The US dollar has fallen, but is still not far from nearly his two-year high, and the yen has shown a modest recovery on Monday after falling to its lowest level since August 2015.

A move towards a possible ceasefire or peace deal in Ukraine supports a common currency as the eurozone is expected to take the biggest economic hit from the conflict that began with Russia’s invasion on February 24. I will. Ukrainian and Russian negotiators met with Turkey on Tuesday after Ukraine called for a ceasefire without jeopardizing its territory or sovereignty, pushing Russian forces back from Kyiv.

“Without positive news in Ukraine-Russia talks, the euro will struggle to sustain gains above the 1.10 level against the dollar,” said Yuna Parkheger, a forex analyst at Commerzbank, in a survey. will continue to do so,” he said. Note to clients. The US dollar fell 0.3% against the yen to 123.5 after rising to its highest level since 2015 on Monday, setting its biggest monthly gain since November 2016.

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