Geopolitics and political risks come to the fore again

At the beginning of trading on Friday, the market saw a sharp strengthening of safe haven assets, especially against the US currency. This movement was caused by the fundamental factors, namely geopolitics and political risks in the US.

At the beginning of the day, the reason for the growing demand for safe haven assets was based on data from North Korea. According to data, Pyongyang creates a submarine with ballistic missiles, which can bring the geopolitical conflict on the Korean peninsula to a new level.

But the main pressure on the US dollar was provided by the part of the resumption of activity in the case of Trump’s ties with Russia. The special investigator Robert Muller summoned for interrogation more than a dozen employees of the Trump’s election company in suspicion of relations with Russia.

Hanzenko Anton