Ranges are not too large, but the relatively quiet news flow out of the Middle East is supporting risk assets at the expense of the US dollar.
On Thursday US time we had the US saying it could up up to two weeks before a decision is made on joining with Israel against Iran. Now, be careful of this, its not a guarantee that action is two weeks away, it’s a war and such a comment could be intended as misleading. Or, it might be 2 weeks, who knows … and that’s the point.
It’ll be a nervous weekend ahead regardless, but for now ‘risk’ is back.
As well as risk FX, equities are up a little also:
This article was written by Eamonn Sheridan at www.forexlive.com.