ForexLive European FX news wrap: Dollar steady, markets calmer 0 (0)

Headlines:Ukraine reaffirms rejection of Russian proposal to surrender in MariupolMoscow says that there is still no basis for possible Putin-Zelensky meetingDutch PM Rutte: EU too dependent on Russian oil and gas to cut it off tomorrowChina Eastern Airlines has grounded all of its Boeing 737-800 ai

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China Eastern Airlines has grounded all of its Boeing 737-800 aircraft after plane crash 5 (1)

This relates to the accident involving flight MU5735 earlier here. Officials are still investigating the accident so this move is likely just a precautionary measure, as it should be for the time being.For added context, the latest crash today puts an end to the decade-long safety record for China’s

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China to offer ¥1 trillion worth of tax rebate to small firms 5 (1)

China is showing that it is willing to take action to try and bolster economic confidence after the latest COVID-19 lockdowns have thrown a bit of a curveball to the outlook.China’s cabinet is also out saying that they are to deploy comprehensive policies to stabilise market expectations and maintai

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Bundesbank: Russia-Ukraine war to spur higher inflation, weaker growth in Germany 5 (1)

German economy to be measurably hurt by Russia-Ukraine war, starting from MarchSupply chain problems to worsen as a resultHigher energy prices to dampen German household consumption, industrial outputGerman economic rebound in Q2 will be much weaker than expectedGerman inflation to rise further due

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Aussie, pound slightly lower on the day so far 5 (1)

There’s not much for traders to work with to start the new week so it seems like we are seeing the technicals stay more respected.
European equities are mixed with US futures slightly lower, while bond yields are continuing to keep higher on the day. I would say there’s not much conviction to start

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