Published at 03:18 (GMT) 17 Apr
FT: Europe's resolve to impose tough sanctions on Moscow is cracking under corporate lobbying, as companies warn governments that any retaliation from the Kremlin could cost them dearly.
Diplomats fear that talks in Geneva on Thursday between the US, Russia, Ukraine and the EU will prove fruitless in tackling the crisis over the occupation of local government buildings in eastern Ukraine by pro-Russian militants. If the talks fail, EU leaders are expected to meet next week to discuss broad economic sanctions against Moscow.
On FX, focus on the above planned sanctions against Russia. But faced with warning from large companies on the consequences. Good to watch. EUR/USD at 1.3835-38, offers 1.3850-55. bids at 1.3790-00. Seen locked in tight range. Asian Cbs, sovereign, China buying on dips, eye East Europeane, Russian selling interest on rallies.
EUR/SGD at 1.7300-05. back in range of 1.70-1.75. Support at 1.7250 for now, with interest to sell on rallies. USD/SGD at 1.2497=00, looking offered, so could see downside, as MAS allows for gradual appreciation of SGD. While ECB seen preparing for more easing? WL
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