Markets Geopolitics completely overshadowed strong and promising European PMI business confidence (from 52.3 to 55.8 on a rebound in services). The Kremlin dashed early optimism on a potential Biden-Putin summit, calling it premature and unconfirmed. Tensions near the Ukrainian border instead intensified. Russian assets were dumped: the ruble lost more than 3% vs the euro […]
The post The Swiss Franc Outperformed appeared first on Action Forex.