Against a backdrop of caution towards Ukraine and the plunging Norwegian krone, the euro fell 0.3%. For its part, the Norwegian krone fell sharply after the central bank decided to buy foreign currencies.

The European currency fell slightly on Thursday due to caution regarding developments in Ukraine and limited progress in peace talks. The euro fell 0.3% to $1.1118 after hitting its highest level since March 1 at $1.1184. The Dollar Index, which tracks the US currency against six peers, rose 0.2% to 98.074. The ruble was down 3% against the greenback, at 78.55.

The Norwegian currency fell 1.6% against the euro, hitting its lowest level since March 18 at 9.7111, and 1.9% against the dollar at 8.7255. Other commodity currencies, such as the Australian dollar and New Zealand dollar, fell around 0.5%. The Swedish krona was down slightly against the euro, just after its highest since January of 10.3059 hit on Wednesday as the central bank said it should tighten monetary policy this year.