Expectations re the Middle East.

[Bob]

Polisi must be gearing up for protests...hopefully all remains civil & peaceful if there are demonstrations since other issues start coming to the fore once protests hit the streets.

The fuel subsidies remain through December yes? God willing there will be some sort of resolution to the madness. (satanyahu's arrest would be an excellent start.)

If Netanyahu’s out then who takes his place though? I wouldn’t expect them to stop what they’re doing and try to roll back the wrongs.

 

[snpark]

Euro now peak 20540
USD still 17395

 

[jstar]

‘Now‘ is not possible since it’s a public holiday. So BI uses yesterday’s rate and no updates of the JISDOR.

 

[centurion]

‘Now‘ is not possible since it’s a public holiday. So BI uses yesterday’s rate and no updates of the JISDOR.

IDR NDFs is traded during weekends and holidays abroad.

 

[jstar]

Not really, NDF’s follow the public holidays of the countries concerned.

For those who are not familiar with this: Quite many currencies, especially in emerging markets, are blocked, they call that non-convertible. That means they can not be freely exchanged outside a country and they can’t easily be removed from their home country. Investors who want to trade use so called non-deliverable forwards (NDFs). Those are contracts using convertible currencies -without government restrictions- like the USD and EUR. So it’s mainly for speculation and sometimes hedging (to avoid losses).

Makes perfect sense they follow the national holidays since when the local markets are closed, there is no active trading. So then they can’t calculate a rate.

 

[jstar]

German Defense Secretary Boris Pistorius calls the US decision to withdraw 5,000 soldiers from Germany "predictable". The news came after a week in which US President Donald Trump openly argued with German Chancellor Friedrich Merz. Trump was angry because Merz had criticized the American war in Iran.

According to Pistorius, it was clear for some time that Europe - and therefore also Germany - should take more responsibility to defend the continent. He states that Germany is doing well with, among other things, the growth of the armed forces and the acquisition of new equipment.

The minister does emphasize that military cooperation with the Americans will continue. For example, they retain the Ramstein military base in southwestern Germany as the main airbase for Europe and Africa. According to Pistorius, almost 40,000 Americans are currently stationed in Germany.

NATO is still discussing with the US what exactly the withdrawal entails. Nice job for Rutte.