Trial now

Still In A Bear Cycle


Summary: USDBRL Extends Losses To Near 2%


Needle Still Points North


Focus on Midweek BoC, ECB Policy Announcements


EUR Crosses Come Under Pressure As ECB Beckons


Russian Foreign Minister Sergey Lavrov has stated that Prime Minister Mikhail Mishustin will visit Minsk, Belarus on September 3 while speaking at a joint press conference in Moscow alongside Belarusian Foreign Minister Vladimir Makei.

  • Makei said that Russia's position with regards to Belarus was to stop any outside interference in the country's political system.
  • Mass protests continue in Minsk calling for the ouster of Belarusian President Alexander Lukashenko, who opponents say rigged the August 9 presidential election.
  • The situation does not appear to mirror that of Ukraine and its Euromaidan protests in 2013-14. The latter were overtly pro-EU and sought to shift Ukraine towards a more pro-EU political outlook, whereas the protests in Belarus at present are not overtly pro-EU, instead solely calling for democratic reforms and Lukashenko's ouster.
  • As such, the EU is much less willing to offer overt support to the protesters or opposition, for fear of being seen as an 'outside influence' that could give the Kremlin a reason to send its own agents into Belarus.
MNI London Bureau | +44 203-865-0981 |
MNI London Bureau | +44 203-865-0981 |