Geopolitical tension keeps euro in narrow range

London

THE euro drifted in a narrow range on Tuesday as simmering geopolitical tension put investors off adding big bets before a European Central Bank (ECB) meeting this week when policymakers might voice some concerns about the single currency's strength.

While ECB officials have been very careful about expressing their concerns over the currency's rise this year, as the euro still remains broadly below levels obtained when policymakers launched their monetary stimulus plans, there are some markets fears that this may change.