Look who likes the weekend news and the new week

Gains for the cryptocurrency bloc over the weekend, BTC is consolidating its price move from late last week:

I posted earlier on the missile strikes into Syria and their FX impact (just repeating myself, but ICYMI):

Long story short is the impact of the US, UK & France air
strikes on Syria over the weekend on rates has been very limited –
likely accounted for by:

  • The passage of time (nearly 48 hours … an eternity in markets it seems)
  • And the ‘limited’ and a ‘one-time shot’ (US description of the strikes) nature of the strikes
  • the extended build up of expectations (and therefore currency hedges/positioning) in the week prior 

BTC also benefitting

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