Robert Mueller's report into US President trump's collusion with Russia has been released to Congress, with little impact on forex rates.
The major finding of the report is that it did not find that any US or Trump campaign officials knowingly conspired with Russia in the 2016 election.
Its a big report, there is obviously plenty more to it, but that's the one-sentence summary. I posted last week on the potential for volatility upon the report's release, in a nutshell that downside risk was greater than upside. On the face of it what is out from the report is not too damaging for Trump and thus downside risk has diminished.
Major headlines from the report (via Reuters):
- special counsel did not find that any US person or trump campaign official knowingly conspired with Russia
- special counsel did not draw a conclusion as to whether examined conduct constituted obstruction
- special counsel did not find trump campaign coordinated with Russia despite multiple offers from Russia-affiliated individuals
- special counsel states that 'while this report does not conclude that the president committed a crime, it also does not exonerate him'
- Mueller does not recommend further indictments and there are no sealed indictments yet to be unveiled
- special counsel leaves it to the attorney general to determine whether the conduct described in the report constitutes a crime
- Barr says evidence developed during investigation is not sufficient to establish that president committed an obstruction of justice offense
- report identifies no actions that constitute obstructive conduct
- special counsel says evidence does not establish that president was involved in an underlying crime related to Russian election interference
- no American or trump campaign official conspired with Russian troll farm internet research agency to influence 2016 US election
- Barr says absence of evidence of underlying crime is relevant in determining obstruction
Now its over to the politically-motivated and the conspiracy theorists (its all a cover up!) for MOAR.
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Like the headline to the post says, little change to forex, updates:
- EUR/USD 1.1294
- USD/JPY 109.91
- GBP/USD 1.3217
- USD/CHF 0.9939
- USD/CAD 1.3427
- AUD/USD 0.7081
- NZD/USD 0.6872
