Central Banks on the Defense

28.06.2016 • Politics and War

From Daily Pro (Brazil)-

Nothing new under the sun or rather; almost nothing new. Monday’s news are in the background, while we still process the problems of Brexit and ponder about potential consequences of departure from the United Kingdom of the European Union.

Risk aversion remains high, with returning the pound losing value. Commodities and emerging currencies also recede again. Especially the most devaluation of the yuan since August 2015, with the reference rate on the dollar falling 0.9% to 6.6375 – the argument in favor of the depreciation of the Chinese currency had been treated in a recent report of The Word of the Strategist well incisively; although it has yielded good earnings, it continues strong.

There is a global commotion around the Brexit and potential measures have to be taken to prevent more pronounced losses. Italy already speaks of the need to capitalize banks. Central Banks are meeting in Portugal and European Union summit is in Berlin in an attempt to accelerate the formalization of Brexit. The idea is to avoid further separations.

Stretching the biggest drop in 10 months, the future of Wall Street retreat about 0.7%. European shares lose about 1.5%. Ibovespa Futuro accompanies movement abroad and falls 1%. Dollar rises 0.5% against the real.

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