Euro falls to one-month low as Ukraine tensions simmer - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.

Western leaders stepped up preparations for any Russian military action in Ukraine while Moscow said it was watching with great concern after 8 500 US troops were put on alert to deploy to Europe in the event of an escalation.

Ukraine tensions have exposed the euro and Europe, especially regarding energy, but the dollar’s strength has more to do with Fed policy tightening, said Alvise Marino, director of FX strategy at Credit Suisse. The dollar’s strength indicates its role as the ultimate safe-haven currency, said Marshall Gittler, head of Investment Research at BD Swiss Holding Ltd.

The Fed could firm up plans to raise interest rates and shrink its holdings of US Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.Analyst views of the meeting are mixed, with Deutsche Bank flagging a potentially hawkish surprise over the coming months,with as many as six or seven increases this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her corinne_florenc Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇

When will it start ?

I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines