Euro strengthens in anticipation of new ECB actions
Action is expected to combat "fragmentation" in the currency bloc, trading data show.
As of 1 p.m., the euro to dollar exchange rate is rising to $1.0533.
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Price for oil price cap yet to be determined, head of European Commission
"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources
U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg
India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range