{"id":111944,"date":"2017-08-30T07:30:35","date_gmt":"2017-08-30T11:30:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=111944"},"modified":"2017-08-30T07:30:35","modified_gmt":"2017-08-30T11:30:35","slug":"investor-jitters-over-north-korea-related-tensions-ease-for-now-30-8-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/investor-jitters-over-north-korea-related-tensions-ease-for-now-30-8-2017\/","title":{"rendered":"Investor Jitters Over North Korea Related Tensions Ease For Now 30-8-2017"},"content":{"rendered":"
August 30, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

Greenback Rebounds on Easing North Korea Jitters<\/strong>.<\/strong>The U.S. dollar turned positive against a basket of major rivals as traders brushed aside concerns surrounding a North Korean missile launch over Japan. In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar\u2019s near-term outlook, Andrew Bresler said, deputy head of sales trading in Asia – Pacific for Saxo Markets in Singapore, adding that U.S. economic data would be a focus in coming days. The dollar index last stood at 92.337, having recovered from Tuesday\u2019s low of 91.621, its lowest level since January 2015.<\/p>\n

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Franc Benefits As Investors Exit Other Safe Havens. <\/strong>The Swiss franc continued to be the main beneficiary of current risk-off vibes as the yen dipped due to the missile landed just off Japan\u2019s northern coast and other safe-haven rivals also returned their recent gains.<\/p>\n

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Dollar<\/strong> Recovers From Its 4-Month Low<\/strong>. <\/strong>The dollar held steady against the yen on Wednesday, having recovered from 4-1\/2 month lows, as concerns over North Korea\u2019s latest missile test receded for now. North Korea\u2019s launch on Tuesday of a ballistic missile over Japan\u2019s northern island of Hokkaido had initially spooked investors, triggering a drop in U.S. bond yields and a slide in the dollar versus the yen.<\/p>\n

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Euro Holds Steady, Down From Tuesday’s 2-1\/2 Year Peak. <\/strong>The euro held steady at $1.1973, having retreated from Tuesday\u2019s high of $1.2070, which was the euro\u2019s strongest level since January 2015.<\/p>\n

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Commodities slightly lower<\/strong>.<\/strong> Commodities ended mostly in the red for the trading session, with gold giving back some of its intraday safe-haven gains and crude oil still being dragged lower by Harvey.<\/p>

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Oil Dips As U.S. Floods Cause Large-Scale Refinery Shutdowns<\/strong>. <\/strong>Oil prices slid on Wednesday as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the most important feedstock for the petroleum industry. The oil-related Loonie was mostly lower against its peers due to the standstill in the U.S. oil industry and weaker risk appetite.<\/p>\n

The post Investor Jitters Over North Korea Related Tensions Ease For Now 30-8-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com Greenback Rebounds on Easing North Korea Jitters.The U.S. dollar turned positive against a basket of major rivals as traders brushed aside concerns surrounding a North Korean missile launch over Japan. In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111944","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=111944"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111944\/revisions"}],"predecessor-version":[{"id":111945,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111944\/revisions\/111945"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}