As the world grapples with uncertainty surrounding the war in Ukraine and inflation, the ECB finds itself in a dilemma regarding interest rate hikes. What factors can affect today’s ECB meeting and what can be expected from it?
The euro has declined significantly against the United States dollar in recent days. According to analysts, fears of recession and the ripple effect of the conflict in Ukraine could be the proximate causes.
This morning, Russia’s grace period to service its foreign debt on two Eurobonds officially ended. With economic turmoil in the world’s largest country continuing, some may be asking themselves how this landmark default could ripple across the rest of the globe.
Traders on global Oil markets pushed black gold’s price down on Thursday morning. Continuing peace talks as well as a lockdown in Shanghai and a potential release of U.S. strategic reserves could have contributed to this downtrend.
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