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The US dollar has risen, a little, against a basket of currencies today as investors seek out safe haven assets.
The dollar index has gained 0.3% this morning, while the pound has slipped by 0.1% to $1.3433.
“The currency markets will be at the mercy of comments and actions from the Iranian, Israeli and U.S. governments.
The risks are clearly skewed to further upside in the safe haven currencies if the parties escalate the conflict.”
“We are looking at this as another source of uncertainty in what has been a highly uncertain environment.”
“There could be secondary and tertiary impacts. Let’s say there is more turbulence that goes into hitting growth prospects in large economies — then you have a trigger impact of downward revisions in prospects for global growth.”
“Let’s see how events will develop.
I pray no.”
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