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    Indian Rupee Gains But US Dollar May Rise as Nifty 50 Eyes Virus Risk

    Global financial markets may be nervously eyeing a potential downturn in the Indian Rupee against the US Dollar, but a slowdown in the global economy does not appear to have much bearing on the future of the American dollar and its value against the Indian Rupee. Several countries have devalued their currencies against the USD in recent times, which shows that this is not a universal phenomenon. But there is a ripple effect. Over the past few months, we have seen the American dollar gain against several major currencies, including the Australian Dollar, Canadian Dollar, Japanese Yen, Swiss Franc, British Pound, Swiss Franc, Euro, New Zealand Dollar, South African Rand,…

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    EUR/USD Technical Analysis: Euro Perched at Key Trend Barrier

    Many European countries, as well as the United States, are “perching” by the trends of gold, so to speak. That is to say, those countries can’t afford to ignore these trends. Here’s a look at what’s happening. The story that has been playing out for the past several months is that the European central banks are holding their euros in a safe. For most of the world, this is seen as a bad thing. But for those countries, it is seen as a good thing. For example, according to the experts, the government in Greece needs to be prepared for the worst and not use its euros. Also, the market…

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    Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts

    Crude oil prices have always been influenced by geopolitical events as well as political wrangling. As such, analysts have become increasingly concerned with the upcoming days, as many analysts predict that OPEC and the European Union will fight over the future of the world oil market. Some experts predict that a war between OPEC and the EU will ultimately destroy the price of oil. As one can imagine, this is not good news for producers and consumers. It is difficult to say how this might play out, as there are political rifts between the countries in the EU. This will ultimately affect the price of oil. While the United States…