The euro is at the highs of the day and indications around peace in Ukraine might be helping as headlines from the State Department cross:

• Ukraine expressed readiness to accept the US proposal to enact an immediate interim 30-day ceasefire
• At Saudi meeting the US and Ukraine took important steps towards peace
• US will immediately lift the pause on intelligence sharing and resume security assistance to Ukraine
• Agreed to conclude minerals deal as soon as possible
• Both delegations agreed to name their negotiating teams

We’re also seeing a rebound in risk assets at the moment, though the size of the move is larger than you would expect on a Ukraine headline that was largely expected.

This article was written by Adam Button at www.forexlive.com.