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