Putin had made a statement that he was drawing out the Russian troops from the Ukrainian border bringing a halt to the mounting Ukraine crisis. With five days to go before the vote on secession, Putin called on pro-Moscow separatists in Ukraine to postpone it.
In an immediate response, the Dollar-denominated Russian shares advanced to a five-week high, with a sigh of relief for the investors.While against the yen, the dollar bought 101.83 yen with a 0.2 % advance to 101.90 on May 7.
With the Ukraine sentiment easing a bit, the safe haven consideration declined, making the yen moved down to trade at 101.82 yen against the dollar. The yen slipped from its three-week high of 101.43 yen versus the dollar on May 7.
The euro stayed flat against the dollar at $1.3913, hovering near the level of the May 6th at $1.3952. Data from analysts in a News survey predict that ECB policy makers shall hold a record-low 0.25 percent rate target.
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