Gains for the cryptocurrency bloc over the weekend, BTC is consolidating its price move from late last week:
I posted earlier on the missile strikes into Syria and their FX impact (just repeating myself, but ICYMI):
Long story short is the impact of the US, UK & France air strikes on Syria over the weekend on rates has been very limited - likely accounted for by:
- The passage of time (nearly 48 hours ... an eternity in markets it seems)
- And the 'limited' and a 'one-time shot' (US description of the strikes) nature of the strikes
- the extended build up of expectations (and therefore currency hedges/positioning) in the week prior
BTC also benefitting
