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Safe haven flows unwind but uncertainty remains in forex markets
The sharp move into safe haven assets seen during the early stages of yesterday’s session has unwound as forex markets have begun to settle down once more. Heightened geopolitical tensions over the provocative actions of North Korea have eased for now and this has pulled gold and the yen back lower, US Treasury yields have bounced and equities are also on the rebound. However, the near term market uncertainty has been elevated by the geopolitics as with Trump noting that “all options are on the table” this could genuinely mean that anything could happen. This should help to underpin a degree of positive safe ... (full story)