FX investor caution over terror threats

Terror alerts have been heightened this month following a recent spate of suicide attacks in the Middle East and northern Africa. Attacks centred on Morocco’s biggest city Casablanca on May 12, killed about 40 people and bore similarities to triple suicide bombings only days earlier in Riyadh, Saudi Arabia, in which 34 died.

Risk appetite in emerging FX increased after the Iraq war, said analysts, but attention has now turned to the US economy and the subsequent implications for the global ec

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