The euro, battered in recent weeks by fear of the economic fallout from war in Ukraine and nerves about the risk of the conflict spreading west, touched a two-week high of $1.1137 overnight, before settling back to $1.1091 in Asia.
US officials poured a little bit of cold water on hopes for a deal by warning the threat to Kyiv isn’t over. “At least the two sides are talking,” said Commonwealth Bank of Australia strategist Joe Capurso. They were firm just below recent peaks in morning trade, with the Aussie at $0.7512 and kiwi at $0.6946.
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If it was the rand, it was go to shot straight down
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