Euro Drops to 2-week Low Amid Ukraine Tensions


Marc Jones
Reuters
February 27, 2014

Tension in Ukraine and Russia curbed risk appetite on Thursday, weighing on world stocks and pushing the euro, already under pressure from talk of interest rate cuts, to a two-week low.

Sabre-rattling over Ukraine grew, with Russia’s Defence Ministry quoted as saying fighter jets along its western borders have been put on alert, a day after it called a snap military exercise of 150,000 troops.

Ukraine said it would regard any movements by the Russian military in Crimea outside the Russian Black Sea fleet’s base in Sevastopol as an act of aggression.

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