As situation in Ukraine escalates, regional currencies still remain under modest downward pressure
As the conflict gradually escalates in eastern Ukraine, currencies in Central Europe feel less comfortable. In this respect it is worth noting that Foreign Ministers of the EU, US, Russia and Ukraine meet today in Geneva to discuss the crisis in Ukraine. Expectations are however low as both the EU and US are preparing broader sanctions in case the talks fail, while in the meantime there have been more deadly clashes reported from the eastern Ukraine today.
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