Euro Climbs Amid Ukraine Talks and BoE Decision Anticipation

The euro hit a fresh high against a weakening dollar as global financial markets keenly observe ongoing peace discussions in Ukraine while anticipating the Bank of England's (BoE) policy meeting. The prospect of a peace deal is seen as a positive influence on the euro.

The U.S. dollar remains under scrutiny with rising concerns over partisanship in U.S. institutions. Initial U.S. jobless claims are expected to provide further economic insights, especially after a disappointing employment report last week.

Attention is also on the Bank of England's expected announcement, where markets anticipate a rate cut. The Swiss franc saw gains despite recent tariff challenges, while political maneuvers around the U.S. Fed impact market sentiments.

(With inputs from agencies.)