Dollar Falls as Trump, Putin Talk Over End to War in Ukraine

Published On Feb 13, 2025, 4:10 AM

The U.S. dollar has weakened against major currencies as the prospect of ending the Ukraine war gains traction following a conversation between U.S. President Donald Trump and Russian President Vladimir Putin. Their agreement to start negotiations has boosted investor confidence, leading to increased buying of riskier assets, particularly the euro which strengthened significantly as a result. Hedge funds are unwinding their bullish bets on the dollar, reflecting a shift in sentiment towards European currencies.