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EUROMR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.4418$
  • Previous Close
    0.4419$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

EUROMR.FOREX represents the Euro (EUR) versus the Russian Ruble (RUB) currency pair traded on the Forex market. It reflects the exchange rate, indicating how many Russian Rubles are needed to purchase one Euro. Fluctuations in this rate are influenced by various economic factors in the Eurozone and Russia, including interest rates, inflation, geopolitical events, and overall economic performance. Trading this pair involves speculating on the relative strength of the Euro compared to the Ruble.
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Factors

Eurozone Economic Data: Strong economic data (GDP growth, low unemployment) often strengthens the Euro against other currencies.

Monetary Policy: European Central Bank (ECB) interest rate decisions and quantitative easing affect the Euro's value.

Global Risk Sentiment: Risk-on sentiment can weaken the Euro as investors seek higher-yielding currencies elsewhere.

Political Stability: Political uncertainty in Eurozone countries can negatively impact the Euro's price.

US Economic Performance: Strong US economic data tends to strengthen the US Dollar, potentially weakening the Euro in EUR/USD.

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