Updated Monday early FX rates – a picture is worth a thousand words

The current exchange rate of words to pictures is 1,000, or so the saying goes

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 

AUD/JPY is a mostly useful barometer of geo-pol event impact, and its higher to open the week (so far at least):

It is still early, its just after 5.30 am in Tokyo, its time to move on to the next thing (whatever that may be). 

Added … updates:

  • EUR/USD 1.2333
  • USD/JPY 107.51
  • GBP/USD 1.4250
  • USD/CHF 0.9622
  • USD/CAD 1.2598
  • AUD/USD 0.7771  
  • NZD/USD 0.7354
  • 0 replies

    Leave a Reply

    Want to join the discussion?
    Feel free to contribute!

    Leave a Reply

    Your email address will not be published.