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Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.
Sheikh Qassem: The second priority is reconstruction, and I call on the Lebanese government to place this item first on the agenda of its next session.
Sheikh Qassem: Lebanese officials must prioritize ending Israeli aggression, its violations, its occupation, and securing the release of prisoners.
Sheikh Qassem: We are part of the new era and partners in its benefits, and we want those who previously took certain stances for specific reasons to reconsider them in order to build the country.
Sheikh Qassem: We say to the servants of Israel: return to your national sense so that we can work together.
Sheikh Qassem: The servants of "Israel"; their sedition has destroyed Lebanon, and they always act in ways that break those around them and destabilize the country.
Sheikh Qassem: You did not succeed in eliminating us, and you will not succeed. No single component can be isolated, and you will not achieve through pressure what you failed to achieve through war.
Sheikh Qassem: Whoever thinks they can isolate the resistance is delusional.
Sheikh Qassem: The Lebanese state must act more and confront Israeli violations with greater strength.
Sheikh Qassem: Israel is now trying to eliminate the resistance through continued pressure and aggression, but by political means.

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.

  • x
  • 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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