The euro rose on Thursday with investors closely watching for developments in talks between Russia and Ukraine, while the Federal Reserve’s monetary policy decision failed to affect the market as the bar for a hawkish surprise was high. The Kremlin said that Russia was putting colossal energy into talks on a possible peace deal with Ukraine. Meanwhile, Ukrainian President Volodymyr Zelensky has not altered his position that Ukraine’s international borders must be recognized, an adviser said. The euro was up 0.2 percent at $1.106, after touching a one-week high of $1.1067 earlier in the session. “What is important for the foreign exchange market is whether the likelihood of an energy crisis decreases, which would be clearly inflationary and relevant to the exchange rate for many reasons,” Commerzbank analysts said. “A very fragile peace would perhaps only help moderately in this respect,” they added. The Russian rouble fell 16 percent to …
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