BRICS nations out with a draft communique on various topics 4 Sept
- call for all countries to fully implement Paris climate accord
- calls upon international community to form a counter-terrorism coalition
- emphasize need to be vigilant in guarding against inward-looking policies
- call up on all countries to calibrate, communicate their macro economic structural policies
- calls upon all countries to strengthen policy coordination
- BRICS agree to promote development of BRICS local ccy bond markets
Quite a wish list from the once much celebrated fastest developing nations of Brazil, Russia, India, and China all of whom have fallen on sticky times since.
Meanwhile USDJPY down through 109.50 with yen demand prevailing and capping core pairs.
GBPUSD 1.2950 EURUSD 1.1890 AUDUSD 0.7949
EURUSD 15m
