The standoff on Europe’s eastern edge is one of the deepest crises in East-West relations for decades, and markets – and the euro – had rallied in relief at earlier Russian statements about a military pullback.The euro was pinned around $1.1379 early in the Asia session.Overnight minutes from the Federal Reserve’s January meeting were less hawkish than some investors had expected and the dollar and bets on aggressive hikes eased a little bit.
The US dollar index fell about 0.2% after the minutes to 95.769, where it traded on Thursday, though Gao said it could probably slide a bit lower toward 95. Data on Thursday showed Japan ran its biggest trade deficit in a single month in eight years in January, while Europe’s trade gap also widened in December and more than quadrupled with its biggest energy supplier, Russia.
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