Boris and Kathy Forex Weekly – 14-8-2017 – Crosses
August 13, 2017 11:42 pm
Boris and Kathy Forex Weekly – 14-8-2017 – Crosses
The biggest driver of currency flows this past week had nothing to do with monetary policy or economic data. Instead, the escalation of tensions between the U.S. and North Korea sent USD/JPY sharply lower as investors worry that this heated exchange could result in military action. Although we firmly believe that the threat of war, let alone nuclear war is slim, this has been one of the most unpredictable eras in history so we have to be prepared for the impossible.
Boris and Kathy Forex Weekly – 14-8-2017 – Crosses
The biggest driver of currency flows this past week had nothing to do with monetary policy or economic data. Instead, the escalation of tensions between the U.S. and North Korea sent USD/JPY sharply lower as investors worry that this heated exchange could result in military action. Although we firmly believe that the threat of war, let alone nuclear war is slim, this has been one of the most unpredictable eras in history so we have to be prepared for the impossible.
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