Safe-haven currencies fall as U.S.-Iran fears wane

Safe-haven currencies fall as U.S.-Iran fears wane

January 7, 2020

“The big risk-off trade of last week has begun to fade and we’re seeing increased appetite across the spectrum,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

“You’re looking at traders taking a more nuanced view of the strategic calculus between the U.S. and Iran, and downgrading the likelihood of an escalatory cycle that damages the global economy,” he added.

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