Markets enjoy moment of respite on hopes for end to Mideast conflict
An uneasy sense of calm is settling on currency markets this morning as signs emerge that the conflict in the Middle East may be approaching a negotiated end. According to the New York Times, Iranian intelligence officials have made indirect contact with their US counterparts to “discuss terms for ending the conflict,” dovetailing with a shift in tone from president Trump, who said in a Sunday interview “What we did in Venezuela, I think, is the perfect scenario,” —suggesting that he is willing to step back from earlier demands for regime change in Tehran. Selling pressure eased in yesterday’s session...