These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters
These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Wild swings in global currencies show volatility is alive and kicking

Dollar has been biggest casualty of White House Russia scandal, buoying the euro more than 5.5pc since mid-April, while the yuan has proved remarkably stable

These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters
These sharp swings in currencies reflect the strong influence of political risk on foreign exchange markets, says Nicholas Spiro. Photo: Reuters
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.