The dollar’s sharpest decline yesterday was against the pound, taking us close to where we were before the conflict in Iran began. There were smaller losses to fellow safe havens the Swiss franc and Japanese yen, but it does appear that the mood has turned less risk off. It’s a quiet day on the wires today, and indeed next week, but over the weekend Fed Chair Jerome Powell will be talking.
USD/GBP past year
From To
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 3918 7255 or your Private Client account manager on 020 7898 0541.
