Ukraine wants Russia to pay higher transit fees for oil pipelines passing through Ukraine to Europe. They would also like the fees paid in euros rather than those soggy old greenbacks.
EUR/USD is marginally lower in morning trade. Commodities are diverging as oil adds $0.75 to $78.80, while gold gives back earlier gains, now at $1105 from $1113 earlier. The S&P 500 is adding to recent gains, up 0.25% to 1129.
EUR/USD trades at 1.4395.
