It was a big weekend for geopolitics (read from bottom to top for timeline):
Despite this, the major FX hasn’t changed much. There are many “hot takes” circulating, the most credible explaining why markets are relatively calm is that Iran widely announced in the days leading up to the attack that it would do so. While it’s too early to say this is all over (much, much too soon), so far the world seems to have gotten away with it. This is obviously not the case for some people seriously injured by the attacks.
As usual on Monday morning, market liquidity is very thin until it improves as more Asian hubs come online… prices are likely to fluctuate, so be careful .
Indicative prices:
- EUR/USD 1.0634
- USD/JPY 153.09
- GBP/USD 1.2447
- USD/CHF 0.9121
- USD/CAD 1.3779
- AUD/USD 0.6463
- 0.5942 NZD/USD
Also useful:
cnbctv18-forexlive
