Euro Jumps After Ukraine Offers Neutral Status, Yen Rebounds

Euro Jumps After Ukraine Offers Neutral Status, Yen Rebounds
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound, and Chinese 100 yuan banknotes in this picture illustration on Jan. 21, 2016. Jason Lee/Reuters
Reuters
Updated:

The euro jumped on Tuesday after some progress was reported in peace talks between Russia and Ukraine.

Russia promised at the talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees.