The dollar was steady against European rivals on Tuesday, holding yesterday’s gains even as Russian President Vladimir Putin ordered thousands of troops from the Ukraine border.
The end to military exercises near Ukraine has raised hopes for a peaceful end to the standoff between the Russia and its southern neighbors.
Putin says the Kremlin has no plans to annex the strategically important Crimea region.
Still, the dollar enjoyed some safe haven buying as Putin said the Russian-speaking Crimea should decide its own fate.
The buck was stuck at $1.373 versus the euro and at $1.666 against the sterling.
Gradual gains took the dollar back above Y102 versus the yen.
In economic news, Eurozone’s manufacturing sector growth weakened in February, but to a lesser extent than estimated earlier, final data published by Markit Economics revealed Monday.
The seasonally adjusted manufacturing purchasing managers’ (PMI) index dropped to 53.2 in February from 54 in January, which was the highest reading in thirty-two months. The February decline was the first in five month.
No major economic data was scheduled from the U.S. on Tuesday.
