Intra-Day Market Moving News and Views EUR/USD: April 21, 2014


Intra-Day Market Moving News and Views EUR/USD

21 Apr 2014

More on the renewed tensions in the Ukraine, although U.S. President Obama has been the most vocal person in calling for more sanctions on Russia if the crisis in Ukraine flares up, some in the 4-side accord are placing foucs on de-escalation with Russia. Reuters news reported on Sun German Foreign Minister Frank-Walter Steinmeier said he wished as much emphasis would be placed on preventing an escalation of tensions with Russia over Ukraine as there is at the moment in threatening economic sanctions.

In an interview to appear in Germany's Bild am Sonntag newspaper on Sun, Steinmeier appeared to be referring to threats from the United States as well as fm within Germany about the need for economic sanctions against Russia.

Steinmeier said "I sometimes wish that the same engagement being used for the debate about sanctions would also exist when it comes to avoiding a further escalation." He then added "We've already exhaustively discussed the sanctions issue."

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