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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

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