The euro held steady versus the dollar on Thursday, having recovered from one-year lows set earlier this week as investors re-positioned ahead of the European Central Bank policy review.
News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in doubt after Ukraine’s prime minister dismissed the proposal outlined by President Vladimir Putin.
The common currency has already fallen a long way, dropping from a high of $1.3701 on July 1 to $1.3110 on Tuesday. It last fetched $1.3149, steady from late U.S. trade on Wednesday.
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