Russian Rouble Recovers from 2021 Low vs Dollar

MOSCOW, March 25 Reuters The Russian rouble extended gains versus the U.S. dollar on Thursday as local tax payments helped it recover from its lowest point so far this year, a level hit in the previous session due to the prospect of new U.S. sanctions. Kremlin spokesman Dmitry Peskov said on Thursday he disagreed with […]
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Mean Reversion Day as Risk Sentiment Returns; EU Summit

Rates as of 0500 GMT Market Recap Yesterday was mean reversion day as the market largely reversed Tuesdays movements. JPY which had been the 1 gainer on Tuesday was the 1 loser, while the commodity currencies rebounded although NZD, the biggest loser for two days straight, was not the biggest winner. That was CAD, which […]
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European Fashion Stocks Hit by China Xinjiang Row

BERLIN, March 25 Reuters Shares of European fashion brands Adidas, Inditex and HM fell on Thursday as they faced a storm of criticism on social media in China over comments they have previously made about Xinjiang. Chinese state media singled out HM on Wednesday for a statement last year in which the Swedish retailer was […]
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Sterling Steadies after Two Consecutive Days of Losses

LONDON, March 25 Reuters Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by fears that the European Union might ban vaccine exports to Britain, which relies on them for its inoculation campaign. The European Commission, which oversees trade policy for the 27 EU member states, set out […]
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Energy Transition Risks Political Strife in OilProducing States

The transition towards green energy imperils oilproducing states that have lagged in diversifying their economies, United Kingdombased risk consultancy Verisk Maplecroft warned in a report on Thursday. Algeria, Iraq and Nigeria will be among the first casualties of a slowmotion wave of political instability that will engulf an array of oil producing countries over the […]
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