Putin called on Wednesday to 300,000 reservists to fight in Ukraine and said Moscow would respond with the full force of its vast arsenal if the West continued what it called its “nuclear blackmail” over the conflict there. In recent weeks, Ukraine had recovered more than 3,000 square kilometers. The decision includes only citizens who are in the reserves or have military experience.
The European currencies were the most affected by sales in foreign exchange markets, as Putin’s comments exacerbated concerns about the economic outlook for a region that has already been hit hard by Russian restrictions on gas supplies and faces expectations of rising oil prices. rates in the United States and the possible cooling of activity for the third quarter projected by different international organizations and private companies. On this last case, black rock warned that the rise in rates is going to have an impact on activity and asked that the damage they generate be taken into account, while FedEx saw its shares collapse after projecting lower demand due to inflation.
The euro touch his lower level in two weeks and reaches u$s0.9885, close to the two-decade low reached earlier in the month. In its last operations it yielded 0.7%, to u$s0.9903. The pound sterling subtract a 0.4% and settles into u$s1,1334, after hitting its new 37-year low of $1.1304. Against him japanese yen the dollar goes up 0.23% until the 144.08.
“Russia headlines are stealing the spotlight from the Fed, at least for now,” he said. Kenneth Broux, currency strategist at Société Générale in dialogue with Reuters. “Concerns about an escalation of the conflict are weighing on European currencies. And if the Fed is also aggressive, losses could increase.”
Today ends the rFederal Reserve economic policy meeting to define how much and for how long your interest rate will rise, which will be announced today. The expectation focuses on being around the 75 basis points.
Source: Ambito
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