Geopolitical tensions running high - BBH

By FXstreet.com | 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."



comments powered by Disqus
Related Forex Analysis
  1. SEB: EUR/USD sellers just above resistance - eFXnews
    Forex News

    SEB: EUR/USD sellers just above resistance - eFXnews

  2. USD/JPY shows another attempt to reach recent highs
    Forex News

    USD/JPY shows another attempt to reach recent highs

  3. EUR/GBP testing the range bottom before the UK data
    Forex News

    EUR/GBP testing the range bottom before the UK data

  4. EUR/USD Forex Signal - September 17
    Investing

    EUR/USD Forex Signal - September 17

  5. What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
    Forex News

    What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

Trading Center