The US Dollar (USD)—and US assets generally—are under a little pressure into the end of the week. Indications from the White House yesterday are that a decision on a US attack on Iran will come within the next two weeks weighed on USD sentiment after reports had emerged Thursday that US officials were planning for a possible strike ‘in the coming days’, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD edges lower as US bonds and equity futures soften
“Planning may well continue and President Trump appears to want to give diplomacy more time but the mixed messaging highlights the rather capricious and volatile nature of policymaking in this administration. There may be many elements to the calculus beyond diplomacy—oil prices, opposition on the right to foreign war involvement—but the imperative for action appears weaker now than just yesterday.”
“The USD dipped broadly in quiet…
