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Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

Euro slumps amid Ukraine tensions

  • By Al Mayadeen Net
  • Source: Agencies
  • 26 Jan 2022 16:13
2 Min Read

After topping $1.12640 overnight for the first time since December 21, the euro fell 0.07 percent to $1.12945.

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  • The euro fell to near one-month lows against the dollar.
    The euro fell to near one-month lows against the dollar.

On Wednesday, the euro fell to near one-month lows against the dollar and the yen, weighed down by fears of a military conflict in Ukraine and ahead of the Federal Reserve's conclusion of a meeting that might signal increased monetary tightening.

The Bank of Canada is also expected to declare policy later in the day, and the Canadian currency strengthened 0.21 percent in Asian trade as traders worried about the outcome, with prospects of a rate hike regarded as finely balanced.

After topping $1.12640 overnight for the first time since December 21, the euro fell 0.07 percent to $1.12945. It was slightly changed at 128.69 yen, after touching 128.25 in the previous session, also a first since Dec. 21.

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The majority of the market's anxiety was centered on the Fed, as traders anticipated signs on the timing and pace of interest rate hikes in the United States, as well as how the central bank plans to reduce its almost $9 trillion balance sheet, a process known as quantitative tightening (QT).

The first boost is expected in March, followed by three more quarter-point increases by the end of the year, according to money markets.

After soaring to 96.273 on Tuesday, its highest level since January 7, the dollar index, which measures the currency against six major peers, moved 0.06 percent higher to 96.030. From a two-month low on Jan. 14, it has rebounded as much as 1.74 percent.

Sterling GBP=D3 was unchanged at $1.3503 after falling to $1.3436 overnight, its lowest level in almost three weeks.

As for cryptocurrency, Bitcoin has stabilized at roughly $37,200. That follows a low of $32,950.72 at the start of the week, which was the lowest level since July. It has lost half of its value after reaching an all-time high of $69,000 in November.

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