The dollar reached a maximum of three weeks against Yen and gained ground against the Swiss Francoin the midst of indications that tension in Middle East He is referring after they will support the continuation of the conversations with Europe about his conflict with Israel.
Iran support the continuation of conversations with Germany, France, Great Britain and the EUsaid its Minister of Foreign Affairs, Abbas Araqchi, who added that he would be willing to meet again in the near future after the meeting in Geneva.
Israel and Iran have been fighting an air battle for a week in which the Israeli government tries to frustrate Tehran’s nuclear ambitionsand the agents in the market are nervous against possible attacks from the United States against the Islamic Republic.
He dollar indexwhich measures the American currency compared to six pairs -among them the Swiss Franco, the Japanese and the Euro -rose 0.6% in the week.
On the day, the index was quoted after a Federal Reserve official said that the possibility of cutting the fees in July should be considered, given the recent inflation data.
War conflicts: how they impact markets
“The market is alreadySpera two type cuts. The Fed has just confirmed this week. Therefore, Mr. (Chris) Waller comes out and says that, would indicate that it will be sooner rather than later, “said Joseph Trevisani, a senior analyst at FX Street.
Iran said Friday that he would not discuss the future of his nuclear program while he is attacked by Israel, While Europe tries to convince Tehran to negotiate again.
The White House said Thursday that President Donald Trump would decide on a possible participation of the United States in the conflict in the next two weeks.
Washington’s statement helped calm the nervous investors Concerned about an imminent attack by the United States to Iran, but the perspective of an increasingly broad conflict in East Middle Limited appetite for risk.
Crude oil prices Brent They fell more than 2%, but au $ S77 the barrel approached to the maximum of January they reached last week.
The fall favored the coins of the Net Petroleum Importing Economies, such as the Euro and Yen.
The euro advanced 0.3% Au $ s1,1534, while the yen gave 0.3% to 145.88 units per dollar.
The Swiss Franco was stable in 0.8166 units per dollar, but was aimed at its largest weekly fall since the third week of April, after the country’s central bank dropped the interest rates to 0%.
Source: Ambito
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