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All eyes on Trump and North Korea as investors flock to safe havens

Published August 9, 2017
  • Rhetorical volleys between the US and North Korea regarding the threat of armed conflict send FX markets into a spin at the start of Asian trade today with USD/JPY slipping as low as 109.56 while USD/CHF dropped as low as 0.96090
  •  Gold prices scored substantial gains today after Trump warned North Korea that it would be “met with fire and fury” with continued threats against the U.S.
  •  Investors were driven out of stocks today after tension between USA and North Korea continues to build
  • Global equities were red overnight and have opened on the negative side in North America this morning
  • Markets will be watching Crude Oil Inventories today at 10:30am EST