FX markets shrug off Middle East tension
MARKET NEWS
LONDON -- Currency markets remained relatively immune to rising tensions in the Middle East last week, but analysts warned that if the conflict worsened it could have a big impact.
Tensions escalated after Israel’s full military occupation of Palestine territories early last week, but major currencies remained unmoved from their recent narrow ranges. Traders noted some safe-haven flows into the Swiss franc -- traditionally the first port of call in the FX markets for risk-averse investors -- but
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