The current geopolitical situation has benefited the euro as both the USD and the Rubble have depreciated. The referendum this weekend in Crimea, which the Ukrainian government is saying is a foregone conclusion, has the markets on edge and looking for safe havens. The euro and the yen have been the currencies of choice at the detriment to the dollar. The central banks at both nations would like it to be different as they need weaker currencies in order to boost growth. This week the ECB’s
Reported by FXstreet.com 3 hours ago.
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