FX Daily: Middle East turmoil strengthens dollar position

FX Daily: Middle East turmoil strengthens dollar position Israel’s retaliatory strike on Iran overnight triggered an initially big reaction across asset classes, although markets appear moderately less concerned at the European market open. Safe-haven currencies are leading the pack, and there are now risks of a more structural bearish turn on EUR/USD USD: FX to trade only on geopolitics today It was reported overnight that Israel launched a retaliatory strike on the Iranian city of Isfahan. For now, it appears …