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[CNA] Euro rises, hoping for agreement in Ukraine, dollar falls ahead of Fed rate hike

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The euro rose on Tuesday amid hopes for progress in peace talks between Ukraine and Russia, while the dollar fell ahead of the Federal Reserve's policy meeting.

As Reuters reports, one of Ukrainian President Volodymyr Zhelensky's top aides said the war will be over by May - and may even end within weeks - as Russia has essentially run out of new troops to continue fighting.

Brent future delivery contracts fell to their lowest point in nearly three weeks as Russia said it favors resuming the Iran nuclear deal as soon as possible, while cease-fire talks in Ukraine further eased fears of supply disruptions.
(CNA)

CNA - Reuters
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