The markets remain on edge. The press reports US President Biden is planning an imminent trip to Israel while Iran warns of "multiple fronts" against Israel if the attacks on Gaza continued. The dollar, which was offered yesterday, is better bid today. Still, the capital markets are relatively quiet. Even the Swiss franc, which was the strongest G10 currency last week (~0.9%) is slightly heavier today. Among emerging market currencies, the Polish zloty continues to be underpinned by the weekend election results. The Mexican peso's 0.45% decline is the most among the emerging market currencies, giving back almost ... (full story)