18 Jul 2014
Risk off markets and Russia performances - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the environment in the risk off plays and noted performances of Russian markets.
Key Quotes
"The heavier tone of the yen, the firmer Australian and New Zealand dollars are consistent with this, and we note that the Russian ruble is up about 0.3% today. It is still off roughly 2.3% on the week. Russian stocks have shed another 1.4% today to bring the loss on the week to 5.2%, which puts MICEX back at late May levels."
Key Quotes
"The heavier tone of the yen, the firmer Australian and New Zealand dollars are consistent with this, and we note that the Russian ruble is up about 0.3% today. It is still off roughly 2.3% on the week. Russian stocks have shed another 1.4% today to bring the loss on the week to 5.2%, which puts MICEX back at late May levels."