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Euro remains steady before ECB decision

Euro remains steady before ECB decision

Major currencies remained stable ahead of the European Central Bank's decision on interest rate hikes, with the euro staying close to its two-week high at 1.1654 dollars. Despite this, global bond yields rose due to inflation concerns caused by rising oil prices, which surpassed $100 per barrel following attacks on maritime navigation and increasing refined fuel prices. This comes amid fears that inflation may lead the bank to raise interest rates for the second time since the war began, as tensions between oil prices and major currencies deteriorate due to the ongoing conflict in the region.

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