OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Doomsday scenario breaking out in Korean peninsula unlikely – ANZ

FXstreet.com (Barcelona) - Geopolitical tensions in the Korean Peninsula have been a major reason why the Korean won has been the worst performing Asian ex-Japan currency year-to-date. Threats from the North keep coming, almost on a daily basis, but its effect is starting to wear thin on the market.

There are reports that the North could launch a missile test, but this has now been discounted by the market and would not be a major surprise if it were to occur. “Though Pyongyang has rejected calls by the US to return to dialogue (under certain conditions), we think the only way for tensions to escalate further from here is for there to be an actual military conflict. While we can never rule such a scenario out, the probability of this occurring is low, in our view, and would only result from a miscalculation from either side.” writes Khoon Goh, Senor FX Strategist at ANZ.

Forex: EUR/GBP weighed by Weidmann's dovish comments

The euro came under pressure across the board and surrendered gains versus the pound after Bundesbank's Weidmann said that the ECB could cut rates if economic data continues to deteriorate and that European economy could take a decade to recovery.
Read more Previous

Forex Flash: FX majors offer mixed biases – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
Read more Next
Start livechat