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Russia: Vladimir Putin appoints former PM Medvedev Deputy Head of Security Council

Russian President Vladimir Putin has appointed the outgoing Prime Minister Dmitry Medvedev as the new Deputy Head of Security Council. In his new position, Medvedev will be overseeing national defence and security issues.

Earlier in the day, Vladimir Putin announced that he wants to make significant changes to Russia's constitution to limit the power of his potential successor if he steps down from his position in 2024. Putin further noted that he is willing to put these proposals to a people's vote.

With the initial market reaction to PM Medvedev's resignation, the USD/RUB pair rose to a weekly high of 61.6848 but struggled to preserve its momentum. As of writing, the pair was virtually unchanged on the day at 61.4140.

US Dollar Index comes under pressure below 97.30

The greenback, when measured by the US Dollar Index (DXY), remains under pressure in the middle of the week around the 97.30/20 band. US Dollar Index
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WH adviser Kudlow: Trade deal is pro-growth for both US and China

The phase-one trade deal is pro-growth for both the United States and China, White House economic adviser Larry Kudlow told CNBC on Wednesday. "The ph
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