Russia FX Beat - August 18, 2017
> Today's focus. Fed and ECB content with weaker currencies.
> Global trigger: ECB-Fed currency war? For the third straight day, EUR/USD hit a lower intraday low yesterday, reaching 1.1662. But, as had happened the previous two days, the decline was then met with strong demand, which drove a rapid recovery to 1.1750.
The catalyst for yesterday's de...