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S&P Global Platts - Donald Trump's Plan To Leave Iran Deal Could Have Major Impacts For Global Oil, Metals Markets

Comments from S&P Global Platts, a leading independent provider of information, benchmark prices and analytics for the energy and commodities markets, are crossing the wires via Reuters:

  • Donald Trump's plan to leave Iran nuclear deal & reimpose sanctions could have major impacts for global oil, metals, petrochemical markets
  • Reimposed us sanctions more likely to slow Iran's steel capacity expansion program than to curb steel & iron ore export levels
  • Iran's steel and metals sector expected to turn more to Chinese technology if new US Measures restrict European investment

 

USD/JPY: bulls move to test the key Tenkan resistance level

USD/JPY is higher in Tokyo, catching a bid up to the key resistance and Tenkan level that has been a key player in the US jobs data last week. Current
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PBOC set the Yuan reference rate at weakest level since Jan. 24

The People's Bank of China (PBOC) set the Yuan reference rate at 6.3733 - the weakest level since January 24 vs. previous day's fix of 6.3674.
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