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North Korea also in the news again

By   || June 14, 2009 at 22:42 GMT
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News that North Korea are threatening to enrich more uranium for use in nuclear weapons is adding to the geo-political risk aversion play. In days gone by, the USD and CHF were always the big winners when any political tensions came to the fore. If we return to those days, as the small moves this morning suggest we might, then the USD could be the big winner as it makes up a lot of ground lost recently. (Another reason to leave an offer in the AUD/USD around the big Fibo level at .8375!).

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