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EU / Russian Thaw Hits A Media Iceberg

Submitted by Tom Luego via PlanetFreeWeil.com,

The EU Parliament has approved a Polish MP’s bill to counter Russian news sources’ “propaganda.”  Among those listed are RT and Sputnik news agency.  This is yet another example of push-back from Western elites over the loss of the U.S. presidency and potential thawing of Russian / European relations under a Trump administration.

The vote passed with less than a majority of the EU Parliament’s 691 members, thanks to 208 abstentions.  The bill garnered only 304 votes.

Europe Votes To Suspend Turkey EU Accession Talks, Sending Lira Crashing To Record Low Despite Unexpected Rate Hike

Europe Votes To Suspend Turkey EU Accession Talks, Sending Lira Crashing To Record Low Despite Unexpected Rate Hike

It was another painful day for Turkish Lira longs.

Earlier today, in response to the broader USD strength overnight, the Turkish currency dropped to new record lows, sliding to 3.4214 and losing 10% of its value since the central bank's last meeting in October, before the Turkey’s central bank unexpectedly raised its one-week repurchase and overnight lending rates for the first time in almost three years, prompted by the crashing lira's impact on inflation, overriding Erdogan's recurring demands for lower borrowing costs.

ECB Warns There Is "Significant Risk Of Abrupt Market Reversal"

ECB Warns There Is "Significant Risk Of Abrupt Market Reversal"

One week after the BIS issued an unexpectedly stern, if completely ignored warning, that the surge in the USD is leading to an abrupt tightening in financial conditions around the globe, making the repayment of trillions in USD-denominated cross-border debt increasingly more difficult and suggesting that the Dollar index itself is the new "fear indicator", overnight another central bank, the European Central Bank warned that the risk of "abrupt" global asset market corrections "have intensified" on the back of rising political uncertainty, posing a threat to banks, stability and economi

Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009.

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