The recent Wikileaks release of documents exposed lots of interesting data about international relations all over the world. Some data is pure gossip, while other leaks will have an impact on diplomacy for many years. But this bulk of leaks that began on Sunday isn’t over.
In an interview with Forbes, Wikileaks’ Julian Assange says that a major American bank will “suddenly find itself turned inside out. A collapse of a big American bank – Bank of America, Citi, JP Morgan or any other of the big names will definitely have a big impact on currencies – more risk aversion means a stronger dollar and especially a stronger yen.
Further – leaks could trigger riots in various places in the world, also adding to risk aversive trading.
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