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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe euro fell on Monday, between Ukraine and the caution of the ECB. And for good reason, traders see the Federal Reserve (Fed) more determined to tighten its policy than the European Central Bank (ECB) and are worried about the situation in Ukraine.
Around 8:30 a.m. GMT (10:30 a.m. CET), the euro lost some 0.08% to 1.1034 dollars per euro, and fell for the third consecutive session. For traders, sanctions on the energy sector could further boost inflation in the euro zone, which is highly dependent on Russian gas. Since the beginning of the year, the euro has lost nearly 3% against the dollar.
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