25 Jun 2014
Ukraine jitters ease further - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, sees geopolitical tensions from Ukraine are losing momentum.
Key Quotes
"Geopolitical risks related to developments in the Ukraine eased further yesterday after Russian President Putin asked Russia’s parliament to cancel a mandate for sending troops to the Ukraine. The mandate had been originally adopted on the 1st March prior to Russia’s annexation of Crimea."
"The symbolic gesture is a further positive development which increases the likelihood that a diplomatic solution will be found to help stabilize the Ukraine which is helping to support regional currencies like the rouble. It also reduces the likelihood of European Leaders imposing further sanctions on Russia at their Summit later this week although pro-Russia separatists are not fully participating in the cease-fire."
Key Quotes
"Geopolitical risks related to developments in the Ukraine eased further yesterday after Russian President Putin asked Russia’s parliament to cancel a mandate for sending troops to the Ukraine. The mandate had been originally adopted on the 1st March prior to Russia’s annexation of Crimea."
"The symbolic gesture is a further positive development which increases the likelihood that a diplomatic solution will be found to help stabilize the Ukraine which is helping to support regional currencies like the rouble. It also reduces the likelihood of European Leaders imposing further sanctions on Russia at their Summit later this week although pro-Russia separatists are not fully participating in the cease-fire."