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Ukraine 'ceasefire process' opens up new trading fronts

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What’s now being called a “ceasefire process” appears to have has been agreed between Russia and Ukraine, and the reaction in FX and equities gives us an insight into how much the conflict has been affecting markets.    
Saxo Bank's Head of FX Strategy John Hardy and Head of Equity Strategy Peter Garnry cast their experienced eyes over the latest developments and market movements.