Ukraine To Extend Ceasefire in Eastern Turmoil

Ukraine says it will continue upholding a truce with Russian-backed separatists following a day largely free of exchanges of fire between the warring sides.

Military spokesman Andriy Lysenko said Wednesday there have been attacks on government positions over the previous day, but noted a significant reduction in their quantity.

The cessation in hostilities follows a proposal last week by Ukrainian President Petro Poroshenko to hold a “day of silence” as a bid to revive a largely ignored cease-fire deal reached in September.

A new round of peace talks is expected for this week, but no date has yet been set.

Military authorities have indicated that the truce is seen as a confidence-building exercise and that heavy weaponry could be pulled back from the front if fighting stops for several days.

via Kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza