Last quote by Per Hammarlund
Per Hammarlund quotes
Markets are waiting for year-end, investors are putting small amounts on the table - no one wants to take on a lot of risk here around the turn of the year.
The ruble will tend to strengthen this week by corporate tax-related currency inflows and speculations about an OPEC production deal to be announced on 30 November. Nevertheless, the movements will be small, with USD/RUB staying in range 63.62–65.28.
She may hold out the possibility of future change, depending on the program of the next government - because it is still so uncertain what he will actually get through Congress. It depends how well he spends his political capital.
The Turkish economy is going through a soft patch too - recent indicators suggest it's not firing on all cylinders.
It seems as if any kind of bad news is creating volatility. Essentially it's a risk on/risk off mood and oil has been one of the factors prompting this sell off.
It's just a matter of time before they have to let their currency weaken. They need to move by some 20 percent at least.