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The US Dollar Continues the Rally as Euro Keeps Sliding


The second week of the ongoing invasion of Ukraine seems to have impacted the forex market for the Euro and other European currencies as well. The US dollar keeps a steady rally against, particularly against Europe and Japan, according to the US Dollar Index. The uncertainty of political alliances...

Dollar Rises as Euro Falls Amidst the Invasion of Ukraine


The forex market has seen a significant movement on the 3rd of March as the situation in Eastern Europe gets worse. While the United States Dollar holds on to a steadier trajectory, the Euro falls short due to the impacts of recent bombardment in Ukraine. The sudden fall might bring any plans...

Euro Maintains Ground After Calmed Ukraine Tensions


Tensions at the Russia-Ukraine border have somewhat eased. Russian troops have reportedly started returning to their bases; however, Ukraine has highlighted recent cyberattacks on its network of the Defense Ministry and two banks. The United States of America is yet to verify the de-escalation...

US Job Data Boosts Dollar’s Rebound, Causes Euro to Dip


The week started with the US data jobs hitting the market. As expected, the release affected the market, boosting the US dollar’s rebound and the euro’s fall. The primary reason behind the outcome lies in traders’ belief that the data could lead to quick rate hikes from the Fed....

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KuCoin Expands Euro Operations By Integrating SEPA Support


  Seychelles-based crypto exchange KuCoin has integrated Single Euro Payments Area (SEPA) support into its operations, making it easier for its Europe-based users to fund their exchange accounts and deposit up to EUR 1m (USD 1.1m) in a single transaction.... Read More: KuCoin Expands Euro...

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates


The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...

Forex Today: Euro, Havens Strong Amid Risk Aversion


The euro was the standout performer on a largely facing risk that particular day which ordinarily favor conventional FX safe havens such the USD as well as JPY. After rebounding a supporting tool in the form of recent lows, the EUR/USD gained 0.4 percent but was unable to hold above the 1.1300...

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