🔴 Here are the most important developments:
• Fears of Russia using tactical nuclear weapons against Ukraine are rising to the highest level according to the media.
• This comes after Ukraine used strategic missiles (Storm Shadow) that penetrate fortifications against Russian targets.
• This tension led to an increase in demand for gold and thus an increase in demand, and negative pressure on the euro as Europe is in the middle of this conflict.
• Also, a member of the European Central Bank and the President of the French Central Bank indicated that they need to further reduce interest rates, so we find the euro the weakest currency.
• Meanwhile, US Federal Reserve member Michelle Bowman stated that caution should be exercised regarding any new cuts in US interest rates after the rise in inflation.
• Meaning that she does not support a new cut in US interest rates, which supports the dollar against currencies.
• As for the Canadian dollar, it remains the best currency after the dollar, after informed sources in OPEC reported that the organization's meeting in December may not take a decision to increase production.
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