Unchanged at $1.04 The euro has traded in a wide range over the past month. Starting with a slump at the end of January as another European Central

There is a broad consensus Europe needs to help Ukraine. France and the UK are offering "a coalition of the willing" on the ground if a peace deal can be found. Russia hates the idea but Macron will bring together army chiefs on Tuesday to work on a plan.

What might surprise the Trump administration is the reaction not just from liberal European powers but backlash from populist leaders such as Nigel Farage, who said the spat would “make Putin feel like the winner” and added that Ukraine needed security guarantees.

The euro rebounded on Monday as hopes for a Ukraine peace deal improved, and interest rate differentials moved against the dollar ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week.

The chief of the European Union's executive proposes an 800 billion euro ($841 billion) plan to beef up EU defenses to lessen the impact of potential U.S. disengagement and provide Ukraine with military muscle to negotiate with Russia following the freeze of U.

The pound edged down against the euro and rose versus the U.S. dollar on Monday after European leaders agreed on Sunday to draw up a Ukraine peace plan to present to the United States.

Ukrainian President Volodymyr Zelenskyy says talks between Ukraine and the US on ending the war will take place in Saudi Arabia next week.

Tánaiste Simon Harris told RTÉ’s This Week programme that he plans to bring a proposal for €100 million in non-lethal military assistance for Ukraine.

The PM will tell European leaders they need to play their part on defence and “step up for the good of collective security”