Geopolitical tensions running high - BBH

By | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has noted that Geopolitical tensions run high in both the Middle East and Ukraine.

Key Quotes:

“Full details of the new sanctions have not yet been announced, but it is clear that Europe and the US are moving more in sync presently as Europe denies state-owned Russian banks, oil companies and munitions makers the ability to sell news bonds and stocks in Europe."

"Russian bonds are a bit firmer, and the dollar’s gains that had carried it to almost RUB36.0 have been pared”.

“Russian shares up a little more than 2%, recouping much of the ground lost over the past week."

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