Headlines have been covering the recent string of attacks on ships in the Red Sea, comparing it to the recent Suez crisis which saw global shipping disrupted. The markets had a significant reaction back then, which highlights the potential impact for traders. As the situation isn’t expected to be resolved soon, it’s prudent to consider what the shipping crisis in the Red Sea could do to the currency markets. The first thought is that snaring up shipping would have an impact on supply chains. That could both slow economic activity and raise retail prices, in a smaller version of what happened during the start of the ... (full story)