The US Dollar Breaks Sharply Lower This Week

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Anastasia Stagney is the FT's Russia correspondent. What might other companies be thinking as they see Putin go after companies like Danan and Karlsberg? You know, the companies that aren't big industrial companies, like you said? Well, I think in theory, they would want to sell as fast as they can. But on the other hand, they cannot influence directly the speed of the process. Every company understands that these might affect them as well. And then there are no rules. If the state wants your asset, it will get it.

Big investment banks are turning more bearish on the dollar, and Europeans struggle with a near-record heatwave. Plus, the FT’s Anastasia Stognei explains why Russia is starting to seize assets from food and beverage companies.

Mentioned in this podcast:

Kremlin oligarchs circle Danone and Carlsberg’s Russian assets

Wall Street banks ditch bullish dollar bets over ‘soft landing’ hopes

Scorching Europe struggles to adapt to near-record temperatures

Carlos Ghosn says he filed $1bn lawsuit so Nissan managers cannot ‘sleep quietly

Reuters: Carlos Ghosn speaks online at Japan press conference

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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