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Currency News: The Swiss franc is down almost 4% — Euro currencies fall Cost of wheat up 40%
The Russian Ukraine conflict is causing variations in the Forex market. This is considered troubling for all of us. The euro fell below $1.10 on Friday for the first time in almost two years. This type of financial reports shows us that this is fast becoming more than just a conflict between two countries who use to be best friends.
The currency that has suffered the most is the Swiss franc. The Swiss franc is down almost 4% over the week (See date of this article)
Russia and Ukraine are two of the world’s biggest exporters of wheat. The price of wheat has increased nearly 40% since the conflict begin. You can read the original currency article here
While these peaks and lows will bring wealth to some, it will devastate others. Information is power. Follow us here on Medium and subscribe to our video channel, Edu Matrix, where we produce videos on exotic currencies.
