Blog


Tensions Increase Between USA and Iran – Dollar Volatile

Good Morning,

With geopolitical tensions rising between the US and Iran it has been an interesting start to the new year.

Last week we saw the price of commodities such as gold increase as investors were looking for a safe haven to hold their money in. What this means is if more investors are moving their funds into commodities we will see currencies such as USD weaken due to the fact there will be more people selling off their dollars to buy gold.

This week the market’s main focus will be on the increasing tensions between the US and Iran as we wait to see what their next move will be, the US have already selected 52 locations within Iran ready to attack in case the Iranian forces do retaliate. What we do know is that if tensions don’t de-escalate it will add to the global uncertainty having a negative impact on the foreign exchange markets. 

Parliament are back from their Christmas recess today. Labour are expected to attempt to put forward an amendment that would prevent a no-trade-deal Brexit, however this is not expected to be pushed through.

In conclusion the main mover for currencies in the upcoming week will come from developments with the US and Iran.

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). | Terms and Conditions | Privacy Statement | Careers