India, March 3 -- The euro firmed against its major counterparts on Monday, amid the prospect of higher defense spending in Europe to deter Russian aggression.

European leaders held a summit in London on Sunday to plan a potential peace deal for Ukraine.

The leaders pledged to boost military spending during the meeting in London.

Eurozone inflation eased slightly in February partly reflecting the slowdown in services inflation but the rate remained above the 2 percent target, flash data from Eurostat showed.

The harmonized index of consumer prices logged an annual growth of 2.4 percent after rising 2.5 percent in January. The rate was expected to ease to 2.3 percent.

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