Markets have been dominated by the political uncertainty in the US this week. Investors are moving out of the risk assets and the US dollar and into the traditional safe havens. Is this a minor blip or are we heading towards something more serious?
Jeremy Stretch, head of G-10 FX at CIBC believes the things would improve if there is a subtle change in the political risks.
The result of the political uncertainty is that the reforms are getting delayed. Stretch says, “The reforms continue to be pushed back in terms of time horizon”.
Watch the full segment as Stretch discusses the outlook for- EUR/USD, EUR/GBP, GBP/USD, USD/JPY.