Euro falls to one-month low as tensions escalate over Ukraine By Reuters

© Archyde.com. A bank employee prepares 50 euro banknotes. Photo from the Archyde.com archive.

NEW YORK (Archyde.com) – The euro fell to a one-month low against Tuesday, as tensions between Russia and the West over Ukraine prompted investors to buy the U.S. currency, a day before the Federal Reserve is expected to unveil details of its plans to tighten monetary policy.

It fell 0.23 percent to $1.1297 at the end of the trading session.

The dollar index, which measures the performance of the greenback against a basket of six competing currencies, rose 0.097 percent to 95.988.

It fell 0.29% against the euro to 1.0379, after hitting its highest level since 2015 at 1.0298 in the previous session.

(Prepared by Wagdy Al-Alfi for the Arabic Bulletin)

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