Safety flows intensify across the board in FX ...Middle East

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Safety flows intensify across the board in FX
The Japanese yen and the Swiss franc are the big gainers as commodity currencies are slumping hard now ahead of European morning trade. AUD/USD just briefly hit its lowest for the year, touching 0.6348 and threatening a sustained drop below its April lows now:Meanwhile, USD/JPY has also plunged further to 141.75 and is down over 3% on the day. USD/CHF is also marked down by 1.4% to 0.8450 and USD/CAD is up 0.4% to 1.3930 to its highest since October 2022. This article was written by Justin Low at www.forexlive.com.

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