Europe’s Virus Response Has Put the Euro in a Win-Win Situation By Bloomberg



© Reuters. Europe’s Virus Response Has Put the Euro in a Win-Win Situation

(Bloomberg) — Regardless of what the spread of the coronavirus does to demand for risk, market indicators suggest the euro will rise.

The common currency is inching toward a close above its 200-week average for the first time in a year. A convincing break would be the latest in a string of signals from traders that the momentum behind the euro’s third monthly advance — for the first time in more than two years — is growing.

What’s driving the rally is optimism over the European Union’s handling of the virus, including talks of a joint recovery fund, and governments’ relatively swift implementations of lockdowns. That stands in contrast to the pandemic response from across the Atlantic.

The euro area’s recession as a result of those lockdowns probably won’t be as deep as previously feared, according to some European policy makers. Meanwhile, with the virus spreading across the U.S., which took time to implement lockdowns, Federal Reserve Bank of Atlanta President Raphael Bostic suggested that economic activity in parts of the country is showing signs of leveling off.

This divergence in views from policy makers in the U.S. and EU, together with central banks worldwide backstopping financial markets with unprecedented stimulus, has weighed on Bloomberg’s .

The gauge has fallen three straight months, the longest such run in more than a year. It measures the greenback against a basket of currencies, of which the euro accounts for about a third.

Betting that the euro will gain over the next six months against the dollar now comes at a premium, as shown by so-called risk reversal options. While these signaled bearish sentiment on the common currency in recent months, this week they turned the most positive since March.

The Signs

A close above its 200-weekly moving average would be the euro’s first in a year. Should it surpass a key resistance level at the June 10 high of $1.1422, it will be trading at the highest in four months.

Propelling the euro forward is the strongest bullish sentiment since 2018, with bulls taking over the price action for six straight weeks, the longest streak this year, according to Bloomberg’s Fear/Greed indicator.

Bloomberg’s option probability calculator shows the common currency is 50% more likely to trade above $1.15 in a week’s time than to drop below $1.12.

  • NOTE: Vassilis Karamanis is an FX and rates strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

©2020 Bloomberg L.P.

 

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Import Collapse Turns Into a Boon for Philippine’s Currency By Bloomberg



© Reuters. Import Collapse Turns Into a Boon for Philippine’s Currency

(Bloomberg) — One consequence of the Philippines’ struggling economy is turning into a boon for its currency.

A collapse in imports has had a positive effect on the nation’s trade deficit, leading to lower demand for overseas currencies and helping to strengthen the peso. The Philippine currency is the best performer in Asia this year, up more than 2% against the dollar.

“With Philippine growth likely to be hamstrung by enforced and voluntary social distancing, imports will remain weak,” said Eugenia Fabon Victorino, head of Asia strategy at SEB AB in Singapore. “This will cap the trade deficit, allowing the peso to strengthen.”

Imports slumped 65% year-on-year in April to their lowest since the global financial crisis. That was a continuation of a trend seen in the first quarter, when a decline in goods imports outpaced a drop in exports, narrowing the country’s goods trade deficit to $10.2 billion from $12.2 billion a year previously.

The narrower gap is helping offset the impact of a decline in remittances from the Philippines’ overseas workers, which is expected to weigh on the currency. Bangko Sentral ng Pilipinas estimates a 5% slide in remittances this year to $28.6 billion.

The Philippines is bracing for its deepest economic slump in more than three decades, with a contraction of 2% to 3.4% on the cards for this year as virus cases continue to rise. President Rodrigo Duterte said he will “have to be very circumspect in reopening the economy” given the recent spike.

This year will be the year that investment drops off, and with it demand for imports and dollars, “which translates to the stronger peso story,” said Nicholas Mapa, senior economist at ING Groep (AS:) NV in Manila.

©2020 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Dollar, safe-haven currencies buoyed by U.S. coronavirus anxiety By Reuters




By Hideyuki Sano

TOKYO (Reuters) – The dollar and other safe-haven currencies were well bid on Friday after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery.

More than 60,000 new COVID-19 infections were reported across the United States on Wednesday, the greatest single-day tally by any country in the pandemic so far, discouraging some American consumers to return to public spaces.

The caution helped to lift the () to 96.798 from near one-month low of 96.233 touched on Thursday.

The euro fell to $1.1288 (), slipping back after having scaled a one-month high of $1.1371 on Thursday.

Against the safe-haven yen, the dollar traded at 107.20 yen , having touched its lowest level in 10 days in the previous trade.

The Swiss franc also strengthened to its highest level in six weeks against the euro, to 1.0609 franc per euro ().

Against the dollar, the franc changed hands at 0.9407 per dollar after having touched a four-month high of 0.93625 to the dollar.

“The market was in a mild risk-off mood, following pretty bad coronavirus figures from Florida,” said Kyosuke Suzuki, director of currencies at Societe Generale (OTC:).

Some market players also said a U.S. Supreme Court ruling that a New York prosecutor can obtain President Donald Trump’s financial records could have undermined risk sentiment and boosted dollar as he faces an uphill battle for re-election.

Trump has fought tenaciously to keep his tax returns and other elements of his finances secret.

Many risk-sensitive currencies took a step back following their rally in recent weeks.

The Australian dollar stood at $0.69605 , off Thursday’s one-month high of $0.7001.

Commodity currencies lost traction also as oil prices dipped on worries about the renewed lockdowns in some parts of the United States.

The yuan, which often tends to align with risk-sensitive currency groups, bucked the trend, supported by hopes of capital inflows as Chinese shares prices have surges after Beijing indicates it wants a healthy bull market.

The traded at 6.999 yuan per dollar , down about 0.03% in early Asian trade, having touched near-four-month high of 6.9808 on Thursday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Yuan Turns Into Global Risk Bellwether as China Leads Recovery By Bloomberg



© Reuters. Yuan Turns Into Global Risk Bellwether as China Leads Recovery

(Bloomberg) — As the dollar shows signs of exhaustion, the yuan is taking over as the barometer of global risk sentiment.

A worldwide rally in stocks, bonds and commodities is decoupling from the U.S. currency, which entered a bearish phase in June and is grinding lower for a fourth month. The rally is increasingly mirroring moves in the Chinese currency as it breaks psychological barriers and builds on its best month since October.

The closer relationship is no coincidence. At the heart of the global advance — and the yuan’s appreciation — is the growing optimism that China will lead the world out of the economic slump brought on by the pandemic. A tide of central bank liquidity, including from the Federal Reserve, is pouring into yuan assets as well as markets with close ties to the second-largest economy.

China Factory Deflation Eased in June With Recovery on Track (2)

This is the culmination of a process that started after the yuan’s shock devaluation in August 2015, with turning points for the Chinese currency often coinciding with shifts in global markets. And now, it may also be an indication that troubles in the U.S. — including a second wave of coronavirus infections — may have less effect on overseas markets if China’s recovery continues.

Here are some ways the yuan and global markets are joining hands:

The euro and the yuan are now following each other more often than at any time in the past 13 months. Their positive correlation increases in times of global risk-on rallies, such as in 2016, and falls in turbulent times, like last year when trade worries dominated. It even turned negative during the 2013 taper tantrum.

The relationship is thus an indirect indicator of the fortunes of euro-denominated assets, as well as Eastern European currencies that closely track the shared currency.

But nowhere else is the yuan’s influence more pronounced than in commodity prices. The Bloomberg Commodity Index now has the strongest beta with the yuan since 2011. That means a one percent gain for China’s currency translates into almost a 1.3% increase in commodity prices.

When the yuan rises, bond yields fall. That’s the signal from the Bloomberg Barclays (LON:) Global Aggregate Total Return Index, which is heading for the longest streak of monthly gains since May 2017. The negative correlation is a weak 0.26, but that’s still the deepest in three years.

U.S.-China Yield Gap Is Widest on Record. Would Love It.

Emerging markets have always lived under China’s shadow, which is only lengthening now. As Shanghai stocks extend a rally, the country’s market capitalization has reached $9.3 trillion, the highest since June 2015 when Chinese markets went into a tailspin after runaway increases. Now China accounts for 45% of emerging-market stock values, the most dominant in more than four years.

‘No Way I Can Lose’: Inside China’s Stock-Market Frenzy (2)

The increasing role of China’s markets in the macro picture backs the idea that watching the yuan’s moves helps to understand shifts in global markets. There’s just one risk: if Beijing increases its involvement in the market, that could distort the relationship, making the yuan a poor indicator.

©2020 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Dollar Gains as Virus Cases Grow, For Now By Investing.com



© Reuters.

By Peter Nurse

Investing.com – The dollar pushed higher in early European trade Friday, helped by its safe haven status as coronavirus cases continued to surge in the United States and unemployment data pointed to a slow recovery in the labor market.

At 3:15 AM ET (0715 GMT), the , which tracks the greenback against a basket of six other currencies, was up 0.3% at 96.915. was down 0.2% at 1.2580, while was down 0.3% at 106.84. 

The number of coronavirus cases in the U.S., the world’s economic engine, continues to grow, with more than 60,000 new Covid-19 infections reported on Thursday.

With populous states like California, Florida and Texas recently breaking records, and having to restart some social distancing measures, hopes are fading for an aggressive economic revival.

The number of Americans filing for jobless benefits dropped more than expected last week, data showed Thursday, but the figure remained above one million for the 16th straight week. Continuing claims also remained above 18 million, suggesting the labor market would take years to recover from the pandemic.

However, while the dollar gained against the euro Friday– was down 0.2% at 1.1263–it’s still a little lower against the single currency year to date. And further losses look likely.

“Recent virus problems in the U.S. present a material risk to the U.S. recovery in the coming months, whereas the euro area service sector recovery is set to continue barring any second virus waves during the European holiday season,” said analysts at Danske Bank, in a research note.

Danske Bank calls for EUR/USD to reach 1.15 on a one-three month time frame.

Adding to the sense of a European recovery, French industrial production increased sharply in May, up 19.6%, as lockdowns were eased and factories reopened.

Attention will now turn to the meeting of the EU leaders next week, to see if there can be agreement allowing the proposed 750 billion euro recovery fund to be distributed to the economies hit hardest by Covid-19 in the region, although also of interest with be Fitch’s review of its credit rating for Italy.

“The question is whether Fitch decides to be tough and downgrade Italy. We expect that it will remain on hold given that the ECB and EU are showing strong support for Italy through QE and the expected recovery fund,” said Danske Bank.

Elsewhere, the risk-linked Antipodean currencies gave up their gains from the previous day, with the pair down 0.5% to 0.6932 and the pair falling 0.12% to 0.6555, while the pair gained 0.3% to 7.0115.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Dollar Up Over Record Number of U.S. Cases By Investing.com



© Reuters.

By Gina Lee

Investing.com – The dollar was up on Friday morning in Asia. Investors turned to the safe-haven asset as the U.S. reported over 60,000 COVID-19 cases on Thursday, and dampened hopes of an economic recovery.

The U.S accounts for over 3.1 million of all cases. There are over 12.2 million cases and 550,000 deaths globally as of July 10, according to John Hopkins University data. Some states, including Florida, Texas and California, reported a record number of new cases on Thursday.

“The market was in a mild risk-off mood, following pretty bad [COVD-19] figures from Florida,” Kyosuke Suzuki, director of currencies at Societe Generale (OTC:), told Reuters.

The that tracks the greenback against a basket of other currencies gained 0.13% to 96.802 by 10:06 AM ET (3:06 AM GMT).

Another event giving the dollar a boost was Thursday’s U.S. Supreme Court ruling allowing prosecutors access to U.S. President Donald Trump’s financial record. The ruling dealt a blow to Trump’s battle to keep the details of his finances under wraps and is an unwelcome surprise to his for re-election in November.

The pair was down 0.17% to 107.

The risk-linked Antipodean currencies gave up their gains from the previous day, with the pair down 0.22% to 0.56947 and the pair falling 0.10% to 0.6562.

The pair gained 0.12% to 7.0004, and the pair fell 0.07% to 1.2595.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Loonie Loses Ground as Oil Slump, Dollar Strength Offset Improved Housing Data By Investing.com



© Reuters.

By Yasin Ebrahim

Investing.com – The loonie fell against the dollar on Thursday as falling oil prices and increased appetite for safe-haven demand offset data showing better-than-expected Canadian housing activity.

rose C$1.5358.

Canadian housing starts inched up to 212,000 in June, adding to strong gains following a bottom in April, and beating forecasts for a rise to 198,000.

The move was largely expected given the favorable backdrop of low-interest rates and government stimulus that has helped cushion the fall out from job losses.

“Against that backdrop it is not so surprising that housing activity has been more resilient than many had been expecting,” RBC said. “Government support programs like CERB payments mean that household incomes have probably held up significantly better than job markets to-date.”

The better-than-expected housing data was offset by renewed a fall in oil prices and an uptick in safe-haven demand for the greenback.

Oil prices fell nearly 3%, the most in over two weeks, as growing Covid-19 cases have forced some states roll back reopening measures and raised investor concerns that strong gasoline demand will be short-lived.

A day earlier, the Energy Information Administration released data showing U.S. gasoline demand rose to its highest in four months. But the peak could prove shortlived amid signs demand is tailing off.

“[T]he week building up to the July Fourth weekend may prove to be a temporary peak … both activity trackers and retail sales indicators recording week-on-week falls in the last few days,” JBC Energy said. 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Sunak Faces a Tax Reckoning After $38 Billion Summer Splurge By Bloomberg



© Reuters. Sunak Faces a Tax Reckoning After $38 Billion Summer Splurge

(Bloomberg) — Chancellor of the Exchequer Rishi Sunak faces the prospect of having to raise taxes to repair the public finances after his 30 billion-pound ($38 billion) stimulus package left the U.K. on course to borrow more this year than any time since World War II.

The extra spending will increase the cost of the government’s response to the crisis to almost 190 billion pounds, putting the budget deficit on course to hit 350 billion pounds in the current fiscal year, according to the Resolution Foundation think tank. That would be equivalent to about 17% of GDP.

For now, the pressure on the chancellor is political, rather than market driven. He needs to avoid a second wave of the virus and a wave of mass unemployment. With U.K. 10-year gilt yields close to zero, and hovering around record lows, he can afford to borrow, and postpone the question of how to pay for his largess during the crisis.

“The time to pay for this will come — but not this year and not next,” said Paul Johnson, director of the Institute for Fiscal Studies. “Our capacity to do so will depend above all on how the economy recovers. A reckoning, in the form of higher taxes, will come eventually.”

That would be a problem for Sunak, given his party’s election promise not to raise income tax, national insurance or the U.K.’s sales tax. Any increases could also see some of the stardust fall from the chancellor, whose spending announcements during the crisis have boosted his popularity and left some considering him as a future prime minister.

“These interventions will cost an extraordinary amount of money,” Sunak told the BBC on Thursday. “We can’t sustainably live like this, and over the medium term we can and will return our public finances to a sustainable position.”

So far, Sunak has been helped by the Bank of England’s vast program of government bond purchases, which have kept borrowing costs near the lowest on record. The central banks has supported demand and left billions of pounds of bonds funded at the BOE’s 0.1% interest rate, rather than market rates, bringing down the cost of debt servicing even further.

Yields on gilts barely budged after Sunak’s announcement on Wednesday, and are currently at about 0.18%.

But the scale of the budget deficit risks testing the equanimity of investors, with debt issuance in the first five months of the fiscal year already dwarfing the full-year record reached during the height of the financial crisis.

“We are borrowing at record-low rates that enable us to carry a higher degree of debt,” Sunak told the BBC. “But it would be important that we remain alert to changes in those interest rates.”

A sudden rise in interest rates isn’t the only risk he faces. This week, he also published a reminder of the threat the virus poses to his efforts to balance the books.

Buried in the Treasury document accompanying his statement was an announcement that he had allocated an additional 49 billion pounds to Britain’s public services since March, three times the latest estimate from the Office for Budget Responsibility.

Of that money, almost 32 billion pounds is going to health services, including 15 billion pounds for personal protective equipment and 10 billion pounds for the government’s track and trace program.

“No amount of fiscal support can mask the fact that the U.K. recovery hinges almost solely on avoiding a return to repeated, widespread lockdowns,” said James Smith, a developed markets economist at ING.

 





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Dollar Retreats Over Increased Hopes of Economic Recovery By Investing.com



© Reuters.

By Gina Lee

Investing.com – The dollar was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over increased hopes of an economic recovery.

Corporate earnings from U.S. companies such as Apple (NASDAQ:) and Amazon (NASDAQ:) are due next week, increasing investor risk appetite.

But the increase was capped by ever-increasing COVID-19 numbers. Over 12 million cases globally as of July 9, according to Johns Hopkins University data, with some countries re-imposing lockdown measures.

“Rising stocks and a dip in Treasury yields are slight negatives for the dollar, but the market can’t move too far because we still have to worry about the virus,” said Minori Uchida, head of global market research at MUFG Bank.

“A lot of major U.S. economic data have been positive, so this will be less of a trading factor going forward. People are looking for cues from stocks, yields, and hedging costs.

The that tracks the greenback against a basket of other currencies slipped 0.16% to 96.213 by 12:21 AM ET (5:21 AM GMT).

The pair was down 0.01% to 107.23.

The pair slid 0.29% to 6.9840. The yuan was boosted by better-than expected inflation data for June, released by the National Bureau of Statistics earlier in the day. The Producer Price Index (PPI) fell by 3% year-on-year, and the Consumer Price Index (CPI) dropped 0.1% month-on-month.

The pair gained 0.09% to 0.6988 and the pair was up 0.20% to 0.6587.

Meanwhile, the pair gained 0.17% to 1.2630.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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U.N. chief says foreign meddling in Libya conflict at ‘unprecedented levels’ By Reuters



© Reuters. FILE PHOTO: UN Human Rights Council session in Geneva

By Michelle Nichols

NEW YORK (Reuters) – United Nations Secretary-General Antonio Guterres warned the Security Council on Wednesday that the conflict in Libya has entered a new phase with “unprecedented levels” of foreign interference and mercenaries in the oil-producing country.

Libya descended into chaos after the NATO-backed overthrow of leader Muammar Gaddafi in 2011. Since 2014, it has been split, with an internationally recognized government controlling the capital, Tripoli, and the northwest, while military leader Khalifa Haftar in Benghazi rules the east.

Haftar is supported by the United Arab Emirates, Egypt and Russia, while the government is backed by Turkey.

“The conflict has entered a new phase with foreign interference reaching unprecedented levels, including in the delivery of sophisticated equipment and the number of mercenaries involved in the fighting,” Guterres said.

Russian private military contractor Wagner Group has up to 1,200 people deployed in Libya, strengthening Haftar’s forces, according to a confidential May report by independent sanctions monitors to the U.N. Security Council Libya sanctions committee.

“We continue to oppose all foreign military intervention in Libya,” said U.S. Ambassador to the U.N. Kelly Craft. “There is no place for foreign mercenaries or proxy forces in Libya, including … Russian government proxies.”

Russia’s U.N. Ambassador Vassily Nebenzia rejected the accusations of Russian involvement in Libya.

“But we know about other countries’ military personnel, including from those countries that accuse us, to be present on Libyan soil, East and West,” he told the council, calling on all states with influence on the Libyan parties to push for a truce.

United Arab Emirates minister for foreign affairs, Anwar Gargash, told the council there were “roughly 10,000 Syrian mercenaries operating in Libya, approximately twice as many as there were six months ago.”

The warring parties are currently mobilizing forces at the new frontlines between the cities of Misrata and Sirte. Egypt has warned that any Turkish-backed effort to take Sirte could lead its army to directly intervene.

“We are very concerned about the alarming military build-up around the city, and the high-level of direct foreign interference in the conflict in violation of the U.N. arms embargo, U.N. Security Council resolutions, and commitments made by Member States in Berlin,” Guterres said.

Guterres said that between April and June this year the U.N. mission has documented at least 102 civilians deaths and 254 civilians injuries – a 172% increase compared to the first quarter of 2020. He said there had also been at least 21 attacks on medical facilities, ambulances and medical personnel.

Guterres also called on the Security Council to take action over the obstruction by several key national officials of an international audit of the Central Bank of Libya.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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