Blaze erupts at Ufa oil refinery amid explosion reports

An oil refinery in the Russian city of Ufa was on fire, according to the state RIA news agency. The regional branch of Russia’s emergency ministry reported that residents in nearby areas face no danger from the blaze, per Reuters.  “There is no threat to residents of nearby areas,” said RIA. The cause of the fire is yet to…

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EUR/USD is above 1.04 | Forexlive

The ‘risk’ trade is winning in early Asia. US equity index futures have opened for the week’s trade on Globex, up from Friday’s close. In FX the US dollar is a touch lower: are all higher. USD/JPY is, as usual, beating its own path, tracking todawrd 151.00 sa I post. EUR is liking the weekend news of potential progress…

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Economic calendar in Asia Monday, March 3, 2025 – China Caixin Manufacturing PMI

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses

USD/MXN rises 0.22% to 20.52 as tariff fears weigh on sentiment. Mexico’s trade deficit widens and unemployment ticks higher, adding to economic concerns. Banxico’s dovish stance and US trade policies could push USD/MXN toward 21.00. The Mexican Peso (MXN) prolonged its agony and depreciated against the Greenback on Friday, set to achieve weekly losses of over 0.59% as the…

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Dow Jones recovers ground on shaky legs

The Dow Jones recovered 150 points on Friday but still remains down on the week. Equities broadly recovered after US PCE inflation came in as expected. Coming up next week: maybe, maybe not tariffs and another NFP print. The Dow Jones Industrial Average (DJIA) recovered some lost ground on Friday, rebounding about 150 points to remain in contention with the 43,400…

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US President Donald Trump cancels signing ceremony with Ukraine

A meeting between United States (US) President Donald Trump and Ukrainian leader Volodymyr Zelenskyy devolved into an argument on Friday. According to President Zelenskyy, the terms of the deal are either too ambiguous or missing key components but it is otherwise a good first step. President Donald Trump, who was operating on the understanding that the deal was finished…

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