Interbank, Russia, roubles, oil. “The Russian rouble briefly leapt to a three-week high past 95 against the dollar on Wednesday in Moscow, before settling close to 100, after President Vladimir Putin said Russia would start selling its gas to “unfriendly countries” in roubles.” See article here. Source: Reuters
Interbank, foreign exchange, Brazil. “Despite its history of extremely rigid and bureaucratic exchange rules, Brazil will now evolve towards a scenario of free movement of capital and simpler and less bureaucratic operations.” See article here. Source: Lexology
Interbank, foreign exchange. “When the U.S. central bank starts raising interest rates, emerging markets often begin to submerge again: Their borrowing costs rise, their currencies fall and, to add insult to injury, slower U.S. growth dents demand for their products. Will this time be the same as the era of zero interest rates ends?” See article here. Source: The Wall Street Journal
Interbank, foreign exchange, India. “The rupee pared initial gains to settle 14 paise lower at 76.32 (provisional) against the US dollar on Wednesday due to month-end dollar demand from importers and rising crude prices amid geopolitical uncertainties.” See article here. Source: Economic Times
Interbank, Russia. “Russia’s main stock market will resume trading Thursday for the first time in four weeks, the Central Bank announced Wednesday.” See article here. Source: The Moscow Times
Alton Drew 