Rouble licks wounds, yen and franc hold firm with focus squarely on Ukraine

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The rouble stabilised somewhat on Tuesday after its crash to an all-time low, while the safe-haven yen and Swiss franc were steady after their biggest rallies in almost seven weeks with traders focused squarely on the developing crisis in Ukraine. A modicum of calm returned to currency markets after officials from Russia and Ukraine held an initial round of ceasefire talks, four days after Russia invaded its neighbour, with the euro back at around $1.12 after tumbling as low as $1.11210 at one point on Monday. The risk-sensitive Australian dollar traded at a…

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