Free Trial

Putin's Nuclear Sabre-Rattling Applies Pressure To CEE FX

FOREX

Eastern European FX came under pressure as Russian President Vladimir Putin rattled his nuclear sabre. The leader warned against the rising risk of a nuclear war, while emphasising that "Russia has not gone mad" but would defend itself with all means necessary.

  • The likes of PLN, HUF, CZK and RON took a hit as Putin's comments crossed the wires, due to their exposure to geopolitical risks surrounding Russia. The PLN and CZK have already erased their reaction downticks versus the euro. EUR/USD posted a brief knee-jerk lower but is also back to previous levels.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.