EUR/USD down to 1.3130 as Ukraine Weighs

The euro slipped to a fresh one-year low early on Monday as the situation in Ukraine worsened, although a holiday in the United States and major central bank events later in the week will probably keep investors sidelined.

The common currency fell as far as $1.3127, from around $1.3140 late in New York on Friday, reaching lows not seen since early September 2013. It last traded at $1.3131.

Ukrainian President Petro Poroshenko warned a “full-scale war” was imminent if Russian troops continued an advance in support of pro-Moscow rebels as Europe and the United States threatened Russia with further new sanctions.

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