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Major currencies, equity markets and the price of crude oil since 8th June – the cycle low in the US Dollar – have exhibited reasonably limited directionality, narrow trading ranges and very low volatility, with the notable exception of currencies in Latin America.
However this is not a case of more confident financial market participants finding their feet, in our view. Rather it is a reflexion of greater global risk aversion, with financial markets unable to see through the smoke and reluctant to pit themselves against their peers and test monetary authorities’ resolve at a time of st
Putin has signed into law an amendment that equates calls for the alienation of Russian territory with extremism. The implication is that anyone in Russia advocating Japan’s position in the territorial dispute over S Kurils is committing an extremist act. https://www.interfax-russia.ru/main/podpisan-zakon-o-priravnivanii-otchuzhdeniya-chasti-territorii-rf-k-ekstremizmu