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Brussels explosions undermined the euro currency

On Tuesday morning, explosions thundered at the airport and metro stations in Brussels. As a result, more than 25 people died and 30 were heavily injured. Officials believe that the attacks are connected to the Friday’s arrest of Salah Abdeslama.

The European Committee closed the Brussels headquarters as a result of explosions at the capital’s airport and the metro near the EU buildings. The representative of the European Parliament said that the legislature functions normally.

As a result of the terrorist attacks the euro decreased in price and is now traded at 1.1211. The Australian currency, as a representative of high-yield currencies, rose up to 0.7602. On Tuesday, the Japanese yen as well as the Swiss franc rose as the traders moved to the safe assets caused by the news about terrorist attacks in Brussels. USD/JPY dropped to 111.67 and the pair USD/CHF is traded at 0.9700.

Before the European session, yen showed a negative dynamic however then, reached the maximum of the session at 111.39 for 1 dollar. Euro decreased by 0.41% to125.31 against the yen and dropped to the minimum of 1.1188 against the dollar. Afterwards, EUR/USD slightly increased. EUR/CHF is traded at 1.0886 when, during the session on Tuesday, it decreased to 1.0875.

Remarkable is the fact that the British pound gave up on its positions which is not a coincidence. The pair hit the minimum at 1.4254. Today's terrorist attack in Brussels further increases the premium risk right before the referendum on continued membership in the EU, because the question of open borders becomes increasingly acute.

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