Thursday, May 28, 2015Thursday, May 28, 2015

Major currencies steady as Ukraine tensions rise

Published on Mar 8, 2014 7:45 AM

NEW YORK (AFP) - The euro edged higher on Friday, but leading currencies changed little overall as markets were on edge over tensions in Ukraine.

The United States and European powers are in a major standoff with Moscow over its support for Crimean lawmakers decision to put to a vote a referendum to secede from Ukraine and join Russia.

Meanwhile, an improvement in US job creation in February reassured analysts that the American economy is on track, but the impact was insufficient to drive a dollar rebound.

At 2200 GMT, the euro stood at $1.3874, slightly up from $1.3859 late Thursday.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!