Euro on defensive as Ukraine tension, hawkish Fed buoy dollar, yen

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The euro hovered near 1-month lows versus the dollar and yen on Wednesday, hurt by concerns about the potential for military conflict in Ukraine and ahead of the Federal Reserve wrapping a meeting that could herald accelerated monetary tightening. Bank of Canada is also set to announce policy later in the day, and the Canadian dollar saw some of the biggest action in Asian trade, strengthening 0.21% as traders fretted over the outcome with chances of a rate hike seen finely balanced. The euro slipped 0.07% to $1.12945 after hitting $1.12640 overnight for the…

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