Euro Gains, Dollar Eases on Potential Biden-Putin Summit

Euro Gains, Dollar Eases on Potential Biden-Putin Summit
A picture illustration of the U.S. dollar, Swiss Franc, British pound, and Euro banknotes, taken in Warsaw, Poland, on Jan. 26, 2011. Kacper Pempel/Reuters
Reuters
Updated:

LONDON—The euro rallied and the dollar retreated on Monday as investors pulled capital away from safe havens after President Joe Biden and Russian President Vladimir Putin agreed in principle to meet to discuss the crisis in Ukraine.

The euro rose 0.5 percent to $1.1376 after losing some ground in early trade while the dollar index shed 0.4 percent against major currencies.