English
Euro at a one-month high against the dollar on hopes for Ukraine talks
The dollar fell on Wednesday, bringing the safe-haven currency to its lowest level in nearly two weeks against its rivals, while the euro rose, supported by cautious optimism about peace talks between Russia and Ukraine.
The dollar index, which measures the performance of the greenback against a basket of six competing currencies, fell 0.6% to 97.827, the lowest level since March 17.
The euro rose 0.7% against the US currency, hitting its highest level since March 1, at $1.1161.
The Japanese yen continued to recover from Monday's seven-year low after a meeting between Bank of Japan Governor Haruhiko Kuroda and Prime Minister Fumio Kishida increased speculation about the level of official unease over the yen's decline.
The Japanese currency rose 0.89% against the dollar to 121.92.
US 10-year Treasury yields stabilized around 2.3%, and in order not to extend this increase in yields to the Japanese bond markets, the Bank of Japan on Monday offered to buy an unlimited amount of bonds with maturities of more than five years and up to ten years.
