Russia does not accept that it has defaulted on its external debt, the Kremlin said in a statement on Monday. Additional takeaways Russian gold and forex reserves are blockedly prohibited. Russia made payment on euro bond coupons in May. Euroclear not accepting Russia’s euro bond transaction ‘is not our problem’. Early Monday, Bloomberg reported that … Read more
Russian chief negotiator said on Thursday that Russia is ready to hold peace talks with Ukraine but added that they are yet to receive a response to their proposals from Kyiv, as reported by Reuters. Market reaction These comments don’t seem to be having a noticeable impact on risk sentiment during the European trading hours. … Read more
USD/INR picks up bids to snap three-day downtrend, bounces off weekly low. FOMC Minutes, RBI’s assurance to limit “runaway” INR slump challenge pair buyers. Firmer oil prices, subdued sentiment and exodus of funds from Indian equities bar gate for bears. US GDP, Fed’s preferred inflation gauge will be important this week, risk catalysts should be … Read more
AUD/USD stays around intraday low, down for the third consecutive day after challenging three-week high. Recent headlines from China, Ukraine join downbeat Australia Private Capital Expenditure for Q1 to weigh on prices. FOMC minutes, light calendar and off in Europe put a floor under the prices. AUD/USD struggles to rebound from intraday low, down for … Read more
AUD/JPY extends pullback from daily top, reverses the previous day’s bounce off weekly low. Australia’s Q1 Private Capital Expenditure disappoints, cautious optimism in the market puts a floor under the prices. Fed Minutes renew market’s optimism but headlines from China, Ukraine test the bulls. AUD/JPY takes offers to renew intraday low around 90.10, reversing the … Read more