US President Trump to ease sanctions on Iran over nuclear progress
Al Jazeera reported that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.
US President Donald Trump is considering easing sanctions on Iran and unfreezing its assets, according to Al Jazeera and an Axios correspondent. The potential move follows progress made in nuclear talks. "Risk-on" and "risk-off" are terms used to describe the level of risk investors are willing to take during a given period. In a "risk-on" market, investors are optimistic and more willing to buy risky assets, leading to rising stock markets, commodity prices (except Gold), and strengthening currencies of commodity-exporting nations.
Conversely, in a "risk-off" market, bonds, Gold, and safe-haven currencies such as the Japanese Yen and US Dollar tend to gain value. The Australian Dollar, Canadian Dollar, New Zealand Dollar, and minor currencies like the Ruble and South African Rand often rise during "risk-on" periods due to strong commodity export economies.
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