XE Market Analysis: Asia - Aug 08, 2014
By: XE Market AnalysisGeopolitics led the markets in N.Y. on Friday, as the U.S. authorized targeted airstrikes in Iraq, the cease-fire in Israel/Gaza ended, and as Russia apparently has begun to de-escalated the Ukraine situation. Slightly better U.S. productivity data was put on the back-burner, as reports of airstrikes on ISIS artillery dented the dollar, equities, and yields early, before things switched direction on news from Russia's Interfax that "Aircraft taking part in exercises have been redeployed from temporary (drills near Ukraine's border) to their permanent air bases." This appeared to substantiate earlier reports of de-escalation in the region as reported by the RIA, though no one is signaling the all-clear just yet. Read more
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