On Thursday the classic safe-haven currencies Japanese yen and Swiss franc retreated while the United States and Iran withdrew from additional friction between themselves, with markets returning to the risk on habit considering the anticipation of a U.S.-China trade agreement.
U.S. President Donald Trump answered overnight to an Iranian strike on U.S. forces with penalties, not force. Iran gave no direct sign that it would retaliate more to a U.S. strike that killed one of its senior military officers. The greenback exchanged at 109.19 yen, bouncing back clearly from a 90-day low of 107.64 yen reached yesterday. The Swiss franc, another safe-haven currency, resulted in a comparable track.
Iran appears “appears to be standing down”
Daily Analysis - 09/01/2020