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Ukraine: Supporting Women in Their Economic Activity

Ukraine: Supporting Women in Their Economic Activity

Originally posted by .
After three years of conflict, loss of livelihood and rising prices are increasingly exposing the Ukrainian population to the risk of impoverishment. Currently, 15% of the population suffers from food insecurity, and women and girls are particularly at risk. In regions close to the front line such as Kherson, Kharkiv, and Mykolaiv, unemployment has reached record levels, leaving many families without resources.
Women-headed households have multiplied due to the military mobilization of men in Ukraine. Facing obstacles in accessing all kinds of services from health services to financial and economic resources, these women are particularly vulnerable to impoverishment. In addition, economic instability, displacement, and conflict all impact mental health, increasing the risk of gender-based violence. Around 2.5 million people in Ukraine are at high risk of such types of violence, including intimate partner violence, conflict-related sexual violence, sexual exploitation and abuse, trafficking, and harassment.
To support women's economic activities and promote their financial independence, Action Against Hunger and the Disaster Emergency Committee (DEC) are supporting the Center for Economic Recovery and Business Support in Mykolaiv. The project is led by a Ukranian organization called Perspektyva, and in it, women-led businesses rebuild the local economy in their conflict-affected area by providing essential goods and services. Maria, Iryna, Victoria, and Olena are among the 45 women who have received training and subsidies to develop their businesses in Mykolaiv near the front line.
Maria: 'Finding clientele wasn't easy, but today my schedule is full'
Maria has been a manicurist for 8 years. Originally from Kherson, she had to leave her home and take her three children 37 miles north to Mykolaiv as Kherson was, and continues to be, targeted almost every day by airstrikes. Alone with her three little girls, she had to start all over again.
After a year of hard work, her nail salon is now going strong. 'I arrived in a new town without knowing anyone. Finding a clientele wasn't easy, but now my schedule is full,' Maria explains with pride.
Today, Maria wants to expand her business and take up training, so that she can pass on her knowledge to others. Using a grant from Action Against Hunger, Maria has designed her own training modules and purchased some of the equipment needed to train future manicurists.
'Thanks to the knowledge I gained from the project, I'm now able to calculate my expenses more accurately and plan my purchases, as my business requires constant investment. I also know how to better showcase my services in external communication media, especially on social networks,' explains Maria.
Having been displaced by the conflict herself, Maria is well aware of the difficulties faced by others who have had to flee violence. She therefore wants her services to be accessible to all and adjusts her rates for displaced people.
Iryna: 'People heal their souls when they come into contact with creativity'
Iryna worked in the maritime sector for 30 years. When the war started, she found herself widowed and alone with her two children. Iryna decided to change careers and tap into the desire for creativity that had been with her since childhood.
'I became interested in trashwork, where works are made from garbage, plastic bottles, and natural materials like tree branches. I practiced this type of art for about three years and took part in various fairs, traveling around Ukraine,' says Iryna.
Iryna joined the Ukrainian organization Perspektyva as a volunteer. She organized self-help events based on the principles of art therapy. 'I saw that people found it more interesting than just talking; they opened up more. And, as the saying goes, people heal their souls when they do something, when they get in touch with creativity,' she explains.
It was then that Iryna discovered the Center for Economic Recovery and Business Support project and decided to join. In addition to business training to draw up a business plan, Iryna has taken a painting course and is working on cutting and the various trashwork techniques. The grant she received from the project enabled her to buy a laptop and furniture for her creative workshop. Soon, she will buy a printer and jewelry-making tools.
Iryna would like to collaborate with other Mykolaiv-based artists by inviting them to her studio to give classes. She would also like to continue participating in exhibitions and fairs, as well as sell her products on online sales platforms.
Victoria: 'I started my business with a mixer that was lent to me'
Born in Mykolaiv, Victoria worked almost all her life in the civil service. When she went on maternity leave, however, she developed a passion for baking. Victoria had to juggle raising her children with her professional activity for many years. 'My children took up a lot of my time, so sometimes I would make my desserts at night. I once spent six hours sculpting Mickey Mouse. It was very beautiful,' she says with amusement.
When she started out as a pastry chef, Victoria studied production techniques and recipes on her own. She wasn't able to take part in pastry classes because her children could not be alone for long. 'In the beginning I had no equipment at all. I started my business with a mixer that someone lent me,' explains Victoria.
Rather than compete with cafés for customers, Victoria offered her services directly to them. She now receives numerous orders and supplies desserts to several Mykolaiv cafés. In 2023, she rented a space to manufacture her products. 'This premises is close to my home because I want to be near my children at all times in case of air raids'.
As part of the support offered by Perspektyva, Action Against Hunger, and DEC, Victoria has benefited from sales training to better manage her business. She bought more equipment to replace the old one, increase her productivity, and become more competitive on the market.
Olena: 'I was able to purchase cosmetic equipment that will allow me to expand my range of services'
Olena was born in Krasnodon, in the Luhansk region. In 1993, she decided to move to Mykolaiv, where she studied, married and held positions as financial manager and sales director. 7 years ago, Olena decided to retrain and entered the field of aesthetic cosmetology.
The building Olena used to work at was destroyed by a missile. 'Fortunately, my cosmetics and furniture were not damaged,' she says. To escape the bombs, Olena went to Bulgaria for two months, then lived in Kyiv for almost 9 months before returning to Mykolaiv at the request of her customers. She rented a studio and resumed her business.
She went to the Center for Economic Recovery and Business Support to learn more about business practices. 'I'd like to thank the instructors who accompanied us during the training for their clarity and responsiveness. This new knowledge enabled me to write a business plan and adjust it. I was also able to purchase special cosmetic equipment that will allow me to expand my range of services,' explains Olena.
In the future, Olena hopes to open a new studio and hire employees. She dreams of creating her own chain of cosmetics studios.
Action Against Hunger leads the global movement to end hunger. We innovate solutions, advocate for change, and reach 21 million people every year with proven hunger prevention and treatment programs. As a nonprofit that works across 59 countries, our 8,900 dedicated staff members partner with communities to address the root causes of hunger, including climate change, conflict, inequity, and emergencies. We strive to create a world free from hunger, for everyone, for good.

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The most volatile major currencies in 2025
The most volatile major currencies in 2025

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2025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s. Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is a lot to digest for economists and individuals. However, for traders, with volatility comes opportunity. OANDA dives into major currencies that have seen the most volatility since the beginning of 2025. The euro once again attracted significant attention from the markets. After the Trump administration decided to impose a policy of U.S. exceptionalism on the rest of the world, European politicians showed a strong response. Particularly after a heated exchange between President Donald Trump and Ukrainian President Volodymyr Zelenskyy, European representatives issued strong statements. French President Emmanuel Macron, EU President of the Commission Ursula von der Leyen, and other European leaders successively spoke up and showed cohesiveness to tackle a more distant American partner. This led to a significant reversal of a six-month downtrend in the euro versus other currencies. Germany, Europe's largest economy, also announced a significant spending bill in March 2025, pledging $565 billion to an unforeseen infrastructure plan. Markets are seeing signs of Europe's strength with such policies, which underpin euro strength in the first part of this year. The euro has been on an impulsive move up since the beginning of Q2 2025 and formed an ascending daily channel after its March-end consolidation. 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The Bank of Japan has been stuck in a dovish stance, particularly in the past 13 years, notably with its infamous Yield Curve Control policy. Installed in 2012, this policy aimed to maintain low interest rates on their yield curve, which is made to stimulate a sluggish economy that hasn't seen much improvement since their dominant 90s decade—particularly when it pertains to a quasi non-existent inflation, much needed for GDP growth. This policy has led to a substantial depreciation of the yen relative to other currencies. Effectively, since the beginning of global hike cycles led by central banks, the USD/JPY has gone from 102.53 in January 2021 all the way to highs of 161.95 attained in July 2024. Since then, a more dovish stance by central banks supplemented by a weaker U.S. dollar bolstered the yen, which is now trading around the 145 handle. Since the start of 2025, with frantic American policies, the yen has appreciated by 7.7%, though it remains volatile. The yen has found buying momentum after tumultuous price action. USD/JPY has been in a downtrend since the beginning of 2025 with consistent lower highs. Prices eventually corrected in March, when the downside pressure materialized on the U.S. dollar against the JPY. These lows serve to form a daily descending channel. April and Liberation Day also served as a support for the yen, as prices extended their moves lower to an extreme of 139.86 attained on April 21, 2025—levels unseen since September 2024. From these prices, the yen found sellers again (buying USD/JPY) with a swift reversal all the way to the pivot zone that served as a magnet for prices. The zone is established between 147.10 and 148.50. A move below that would imply a bearish continuation, which can be confirmed if prices enter back into the descending channel below the major support at 146.50. On the other end, to pursue the reversal move, bulls would be looking to break and close above 148.50, looking to extend toward the major resistance at 151.20. The greenback has had a powerful performance at the beginning of this decade. Between ever-so-strong U.S. companies powered by record highs in most major U.S. indices, the advent of artificial intelligence technology, and an economy that has sustained one of the fastest hiking cycles in its history, the U.S. has asserted its economic dominance. From September 2024 to Trump's ascension to the White House, the dollar has shown a stellar increase of close to 10% against its major counterparts. Though, as mentioned earlier, the Trump administration has scared global markets, and fears of the United States backing off from the international scene have made the dollar give back its year-end run. After the May 7, 2025 meeting, a more hawkish than expected Federal Reserve has stopped the bleeding from the U.S. dollar, which gave it some strength. The markets now await further news concerning tariffs and a potential continuation of the cutting cycle in upcoming FED meetings. Looking back at July 2024 serves a decent purpose for the dollar index. Effectively, the USD was in bearish momentum from July 2024 to October 2024, as markets started to price in the Trump victory in the U.S. elections, which led to a swift reversal. The rally began with very few corrections and lasted until its inauguration speech in January 2025, with highs at 110.14. The end of the impulsive bullish move formed the head of an infamous head and shoulders pattern. The right shoulder was formed in March 2025, as markets feared that unprecedented tariffs would isolate the greenback—this price action sent bearish fears and led to a breakdown below a precedent pivot level at 103.250. A further breakdown led to a swifter slump, which stopped at a measured move from the neckline, on Liberation Day at 101.27. There was a continuation of this move as the index found a bottom at 97.94 on April 21, 2025. Since then, prices have reverted toward the last pivot at 101.750. The trend is now unclear as prices are close to precedent confluence zones. A further continuation of this bullish reversal in the DXY points at the next resistance of 103.25. For a resumption of the downtrend, bears would look to break below the psychological level of 100.00 and the ascending trendline formed in the reversal. The British pound has a case of its own. After a strong hiking cycle, similar to other central banks in the U.S. and the EU, economic activity has remained fairly strong. The Bank of England has been reluctant to cut interest rates due to a mix of factors, including persistent inflation (particularly in the services sector). This gave the pound a fundamental advantage relative to the euro, for example, where stronger interest rates allow for a better yield and support currency strength. Furthermore, the U.K. Prime Minister Keir Starmer has maintained particularly strong relations with Trump, which has allowed to limit overall tariff uncertainty and led to the conclusion of a U.S.-U.K. Trade Deal. The pound has been holding firm against the greenback and its other major counterparts. Particularly since 2025, cable has been in a rally from 1.2098 all the way to 1.3440, highs attained in the last days of April, where a tentative breakout was found with a slight reversal. Since the end of April, prices have been consolidating toward the highs of the daily ascending daily channel and remain not more than 2000 pips from the highs, a minimal correction relative to moves in other currencies. A small daily head and shoulders pattern can be identified, though it would need a break below the psychological level of 1.32. Bears can then look toward the 1.30 level and its confluence with the bottom of the ascending channel. On the other hand, bulls would be looking for a push toward the highs of the channel which also coincide with the April 2025 highs—further confirmation as long as prices do not fall below the pivot level of 1.32. The Loonie has had a rough year-over-year performance. From March 2022 to July 2023, the Bank of Canada engaged in a hiking cycle that was even faster than the one made by its historic trade partner and neighbor due to exceptionally strong inflation. In 2024, the more cyclical Canadian economy was affected by higher rates, lower energy prices, and political turmoil, sending the Canadian economy into a slump that has accelerated its cutting cycle—resulting in signs of a significantly weaker Canadian dollar. USD/CAD went from 1.31 in January 2024 to a spike of 1.47 in February 2025. On a year-to-date perspective, though, the CAD has recovered from its weakness in February when fears of record U.S. tariffs were announced. Factually, U.S. and Canada trade tensions increased notably, with the U.S. president calling its northern neighbor 'the 51st State' and menaces of +100% rises in energy tariffs were announced by Canadian counterparts. Recently elected Prime Minister Mark Carney has engaged in discussions relating to tariffs, immigration, and other key subjects with the United States, which remains Canada's most strategic partner. This has reduced uncertainty and volatility in the pair. Furthermore, the new Canadian prime minister was once head of both the Bank of England and the Bank of Canada, which may have contributed to some strength in the CAD. USD/CAD has been volatile in the past year, to say the least. Similar to the move seen in the DXY, the pair has seen a relentless rally with few corrections. The rally found its base after a double bottom in October 2024. Prices moved from 1.3445 to 1.4650, where they consolidated in a 2000 pip range between December 2024 and February 2025. As explained earlier, fears of record-high tariffs led to a massive gap in the loonie on Feb. 3, 2025, where it found some relief. Prices moved toward 1.41650 and formed a more volatile range, as prices eventually broke support after Liberation Day. Since the beginning of April, the Canadian dollar found buyers (sellers of USD/CAD), though prices consolidated toward the most recent pivot of 1.37800 and saw a 2000 pip reversal. Canadian dollar aficionados would now be looking for a fall to the lows established by the pivot, with continuation on a breakout on the downside. However, a break above the key 1.4000 medium-term psychological level may see the resurgence of USD/CAD bulls for the next resistance to come in at 1.4155. 2025 has been a rollercoaster year for financial markets. Trump and his infamous tariff policies concern economic players, as reviewing supply chains creates swift changes in monetary flows. Q1 of 2025 was a test of strength for currencies that were mostly weaker against the U.S. dollar in previous years. The theme of U.S. economic activity being stronger than the rest of the world is one of the past. Markets are now looking forward to who might be the winners of these trade wars. This article is for general information purposes only, not to be considered a recommendation or financial advice. Past performance is not indicative of future results. Opinions are the author's; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. This story was produced by OANDA and reviewed and distributed by Stacker. Sign in to access your portfolio

The most volatile major currencies in 2025
The most volatile major currencies in 2025

Miami Herald

time8 hours ago

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The most volatile major currencies in 2025

The most volatile major currencies in 2025 2025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s. Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is a lot to digest for economists and individuals. However, for traders, with volatility comes opportunity. OANDA dives into major currencies that have seen the most volatility since the beginning of 2025. Major currency performance since 2025 Euro - the biggest major performer The euro once again attracted significant attention from the markets. After the Trump administration decided to impose a policy of U.S. exceptionalism on the rest of the world, European politicians showed a strong response. Particularly after a heated exchange between President Donald Trump and Ukrainian President Volodymyr Zelenskyy, European representatives issued strong statements. French President Emmanuel Macron, EU President of the Commission Ursula von der Leyen, and other European leaders successively spoke up and showed cohesiveness to tackle a more distant American partner. This led to a significant reversal of a six-month downtrend in the euro versus other currencies. Germany, Europe's largest economy, also announced a significant spending bill in March 2025, pledging $565 billion to an unforeseen infrastructure plan. Markets are seeing signs of Europe's strength with such policies, which underpin euro strength in the first part of this year. EUR/USD: Technical analysis The euro has been on an impulsive move up since the beginning of Q2 2025 and formed an ascending daily channel after its March-end consolidation. The April 2, 2025 Liberation Day, when Trump announced his tariffs, led to weakness in the U.S. dollar and underpinned the euro in April to break through prior resistance at 1.0930, which then turned into support. Prices for the EUR/USD pair soared to levels unseen since November 2021. A tweezer top bearish candlestick pattern toward April 21 led the euro to correct back toward the low of the channel and eventually broke its support at the bottom line of the main ascending channel. The medium term outlook still looks bullish as long as prices are maintained above the pivot zone-situated between 1.1070 and 1.1130-that served to slow down the April breakout move. For bullish continuation, look for a break above the 1.14 psychological level and a re-entry into the ascending channel. For a further bearish reversal, look for a close below the pivot zone around 1.1050. Yen-finally showing signs of strength The yen has had quite a volatile performance in the past few years. The Bank of Japan has been stuck in a dovish stance, particularly in the past 13 years, notably with its infamous Yield Curve Control policy. Installed in 2012, this policy aimed to maintain low interest rates on their yield curve, which is made to stimulate a sluggish economy that hasn't seen much improvement since their dominant 90s decade-particularly when it pertains to a quasi non-existent inflation, much needed for GDP growth. This policy has led to a substantial depreciation of the yen relative to other currencies. Effectively, since the beginning of global hike cycles led by central banks, the USD/JPY has gone from 102.53 in January 2021 all the way to highs of 161.95 attained in July 2024. Since then, a more dovish stance by central banks supplemented by a weaker U.S. dollar bolstered the yen, which is now trading around the 145 handle. Since the start of 2025, with frantic American policies, the yen has appreciated by 7.7%, though it remains volatile. USD/JPY: Technical analysis The yen has found buying momentum after tumultuous price action. USD/JPY has been in a downtrend since the beginning of 2025 with consistent lower highs. Prices eventually corrected in March, when the downside pressure materialized on the U.S. dollar against the JPY. These lows serve to form a daily descending channel. April and Liberation Day also served as a support for the yen, as prices extended their moves lower to an extreme of 139.86 attained on April 21, 2025-levels unseen since September 2024. From these prices, the yen found sellers again (buying USD/JPY) with a swift reversal all the way to the pivot zone that served as a magnet for prices. The zone is established between 147.10 and 148.50. A move below that would imply a bearish continuation, which can be confirmed if prices enter back into the descending channel below the major support at 146.50. On the other end, to pursue the reversal move, bulls would be looking to break and close above 148.50, looking to extend toward the major resistance at 151.20. US dollar-the elephant in the room The greenback has had a powerful performance at the beginning of this decade. Between ever-so-strong U.S. companies powered by record highs in most major U.S. indices, the advent of artificial intelligence technology, and an economy that has sustained one of the fastest hiking cycles in its history, the U.S. has asserted its economic dominance. From September 2024 to Trump's ascension to the White House, the dollar has shown a stellar increase of close to 10% against its major counterparts. Though, as mentioned earlier, the Trump administration has scared global markets, and fears of the United States backing off from the international scene have made the dollar give back its year-end run. After the May 7, 2025 meeting, a more hawkish than expected Federal Reserve has stopped the bleeding from the U.S. dollar, which gave it some strength. The markets now await further news concerning tariffs and a potential continuation of the cutting cycle in upcoming FED meetings. Dollar index: Technical analysis Looking back at July 2024 serves a decent purpose for the dollar index. Effectively, the USD was in bearish momentum from July 2024 to October 2024, as markets started to price in the Trump victory in the U.S. elections, which led to a swift reversal. The rally began with very few corrections and lasted until its inauguration speech in January 2025, with highs at 110.14. The end of the impulsive bullish move formed the head of an infamous head and shoulders pattern. The right shoulder was formed in March 2025, as markets feared that unprecedented tariffs would isolate the greenback-this price action sent bearish fears and led to a breakdown below a precedent pivot level at 103.250. A further breakdown led to a swifter slump, which stopped at a measured move from the neckline, on Liberation Day at 101.27. There was a continuation of this move as the index found a bottom at 97.94 on April 21, 2025. Since then, prices have reverted toward the last pivot at 101.750. The trend is now unclear as prices are close to precedent confluence zones. A further continuation of this bullish reversal in the DXY points at the next resistance of 103.25. For a resumption of the downtrend, bears would look to break below the psychological level of 100.00 and the ascending trendline formed in the reversal. Canadian dollar-the forgotten brother The Loonie has had a rough year-over-year performance. From March 2022 to July 2023, the Bank of Canada engaged in a hiking cycle that was even faster than the one made by its historic trade partner and neighbor due to exceptionally strong inflation. In 2024, the more cyclical Canadian economy was affected by higher rates, lower energy prices, and political turmoil, sending the Canadian economy into a slump that has accelerated its cutting cycle-resulting in signs of a significantly weaker Canadian dollar. USD/CAD went from 1.31 in January 2024 to a spike of 1.47 in February 2025. On a year-to-date perspective, though, the CAD has recovered from its weakness in February when fears of record U.S. tariffs were announced. Factually, U.S. and Canada trade tensions increased notably, with the U.S. president calling its northern neighbor "the 51st State" and menaces of +100% rises in energy tariffs were announced by Canadian counterparts. Recently elected Prime Minister Mark Carney has engaged in discussions relating to tariffs, immigration, and other key subjects with the United States, which remains Canada's most strategic partner. This has reduced uncertainty and volatility in the pair. Furthermore, the new Canadian prime minister was once head of both the Bank of England and the Bank of Canada, which may have contributed to some strength in the CAD. USD/CAD: Technical analysis USD/CAD has been volatile in the past year, to say the least. Similar to the move seen in the DXY, the pair has seen a relentless rally with few corrections. The rally found its base after a double bottom in October 2024. Prices moved from 1.3445 to 1.4650, where they consolidated in a 2000 pip range between December 2024 and February 2025. As explained earlier, fears of record-high tariffs led to a massive gap in the loonie on Feb. 3, 2025, where it found some relief. Prices moved toward 1.41650 and formed a more volatile range, as prices eventually broke support after Liberation Day. Since the beginning of April, the Canadian dollar found buyers (sellers of USD/CAD), though prices consolidated toward the most recent pivot of 1.37800 and saw a 2000 pip reversal. Canadian dollar aficionados would now be looking for a fall to the lows established by the pivot, with continuation on a breakout on the downside. However, a break above the key 1.4000 medium-term psychological level may see the resurgence of USD/CAD bulls for the next resistance to come in at 1.4155. 2025 has been a rollercoaster year for financial markets. Trump and his infamous tariff policies concern economic players, as reviewing supply chains creates swift changes in monetary flows. Q1 of 2025 was a test of strength for currencies that were mostly weaker against the U.S. dollar in previous years. The theme of U.S. economic activity being stronger than the rest of the world is one of the past. Markets are now looking forward to who might be the winners of these trade wars. This article is for general information purposes only, not to be considered a recommendation or financial advice. Past performance is not indicative of future results. Opinions are the author's; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. This story was produced by OANDA and reviewed and distributed by Stacker. © Stacker Media, LLC.

Trump quietly pressuring Senate to weaken Russia sanctions, WSJ reports
Trump quietly pressuring Senate to weaken Russia sanctions, WSJ reports

Yahoo

time10 hours ago

  • Yahoo

Trump quietly pressuring Senate to weaken Russia sanctions, WSJ reports

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