Euro Edges Higher as Focus on Ukraine; Yen Rebounds Versus Dollar

Euro Edges Higher as Focus on Ukraine; Yen Rebounds Versus Dollar
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
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The euro edged higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range, while the dollar weakened as investors priced in expected monetary tightening by the Federal Reserve.

“The combination of lingering Russia-related risks, high energy prices, and Fed-ECB policy divergence still points to a weaker, rather than stronger, EUR/USD,” ING analysts said.