In a number of comments, President Trump said that Iran better be careful after a nuclear breach. This follows reports that Iranian officials said they would, within hours, start enriching uranium above the limits set under a 2015 international nuclear deal.
Additional comments
- If Fed knew what it was doing it would lower interest rates.
- U.S. faces unfair playing filed versus Europe on rates.
- China is devaluing its currency.
- Iran is doing a lot of bad things.
- Iran will never have a nuclear weapon.
- UK ambassador to the US has not served the UK well.
Market implications:
With respect to Iran, this is the latest in a series of potentially fatal blows between the US, its allies and Iran. Iran continues to antagonise global leaders and has said that it would keep reducing its compliance with the deal every 60 days unless world powers shield it from the sanctions which were reimposed when Trump quit the nuclear agreement. The safe havens, such as the Yen, CHF and USD and indeed the price of oil will continue to atrract positive flow.
Share
