Euro Rises to Month-High Versus Dollar, Yen Recovers

Euro Rises to Month-High Versus Dollar, Yen Recovers
U.S. dollar and Euro banknotes are photographed in Frankfurt, Germany, in this illustration picture taken on May 7, 2017. Kai Pfaffenbach/Illustration/Reuters
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LONDON—The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid warnings about the damage to Europe’s economy.

Equity markets were up in the Asian session, continuing a pick-up in sentiment on Wall Street as markets became hopeful that the Ukraine conflict could end— although this move ran out of steam as European shares opened in the red.