Some color from US official on Iran sanction deal

A US official is adding some needed color to the Iran sanction headlines:

  • treasury action is routine and has nothing to do with Iran nuclear deal talks, is simply regular delisting when facts so dictate
  • U.S. Treasury removes one Iranian citizen (not three) listed as managing director of national Iranian oil company from list of specially designated nationals

The sanctions are on a former Iran oil official. It seems to not be a 'tell' on future sanction withdrawals as Iran nuclear talks continue without resolution.

The USDCAD has moved back below its 100 hour moving average at 1.20936 and trades above the 200 hour moving average of 1.2081.