- The euro hit a new one-year low this morning, falling as far as $1.3119 against the dollar, as worries of escalating violence in Ukraine kept the currency on the defensive ahead of the ECB policy meeting later this week.
- The ruble also tumbled to a fresh low, as the dollar rose by 0.7% to 37.33 against the ruble in early trade. The plunge follows the European Commission President Jose Manuel Barroso's warning over the weekend that the situation in Ukraine was approaching "a point of no return."
- Euro Stoxx 50 -0.2%; DAX -0.4%; FTSE 100 -0.3%; CAC 40 -0.5%.
- ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
at MarketWatch.com (May 9, 2014)