President of Ukraine Zelensky has issued a very forthright statement:“Russian army has opened fire on Zaporizhzhia NPP. No state except Russia has eve
President of Ukraine Zelensky has issued a very forthright statement:
“Russian army has opened fire on Zaporizhzhia NPP. No state except Russia has ever opened fire at nuclear power units. For the first time in human history, a terrorist state has resorted to nuclear terror. Only immediate European action can stop Russian troops”.
ICYMI, the news and market moves as it happened:
Zaporizhzhia nuclear power plant in Ukraine is on fire
USD, yen up and ‘risk’ falling – Russia is shelling Europe’s largest nuclear power plant
Ukraine has asked Russia to stop shelling Europe’s largest nuclear power plant
2 of 6 reactors at Europe’s largest nuclear plant in Ukraine have been safely shut down
Brent up $4, US oil up $%, ES & NQ smashed, USD and yen higher
Ukraine nuclear reactor on fire – spokesman says there is nuclear fuel inside
As you can see from some of the above, the reaction in financial markets was a sell-off for risk and a flight to havens.
Some calmer headlines hit as time went by:
Firefighting crews have reportedly been allowed access to on fire nuclear plant
Calming statement emerging from the attack on nuclear power plant now
Biden spoke with Ukraine President Zelensky about the nuclear power plant fire
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EUR
The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value since then and importance in the global market has helped solidify its status as one of the most important currencies in the FX market today.Together with the USD, the currency pair is easily among the most important for forex, given its exposure into the two main economic blocs. What Factors Affects the EUR?There are several factors that affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB).The ECB is responsible for regulating the monetary policy, money supply, interest rates, and relative strength of the euro. Forex traders of the euro are routinely tuned into any decision or announcements from the ECB for this reason.With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include Greece’s debt crisis and Brexit, among others, which can seriously impact the euro.Finally, economic data from the bloc or from key member states such as Germany, France, Spain, and others are also closely eyed. This includes retail sales, jobless claims, Gross Domestic Product (GDP), and others.
The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value since then and importance in the global market has helped solidify its status as one of the most important currencies in the FX market today.Together with the USD, the currency pair is easily among the most important for forex, given its exposure into the two main economic blocs. What Factors Affects the EUR?There are several factors that affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB).The ECB is responsible for regulating the monetary policy, money supply, interest rates, and relative strength of the euro. Forex traders of the euro are routinely tuned into any decision or announcements from the ECB for this reason.With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include Greece’s debt crisis and Brexit, among others, which can seriously impact the euro.Finally, economic data from the bloc or from key member states such as Germany, France, Spain, and others are also closely eyed. This includes retail sales, jobless claims, Gross Domestic Product (GDP), and others. Read this Term was one of the ‘risk trades sold off