The situation in Ukraine affects not only the political business days, also the currency trading is reacting. At the start of the week the euro is weakening, the yen seems to be safe. The fear of an escalationof the situation burdens the common currency. At Friday the European Central Bank fixed the euro referenceprice at $ 1.3813. This afternoon, the euro cost $ 1.3783.


Kerry threatened Russia also, as a consequence of the Russian intervention on the Crimean peninsula, with expulsion from the G-8 group. The preparations for the summit in Sochi, Russia were suspended in protest.

The time now is also the time for diplomacy!
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