Iran warned European nations on Monday that it would breach in 10 days the landmark 2015 nuclear agreement unless they take action to alleviate the pressure of tightening U.S. sanctions in the coming weeks. The announcement raises pressure on European nations who’ve urged Tehran to stick with a deal even after it was abandoned by the U.S. but have struggled to come up with a vehicle that would allow the Iranians to keep trading. It will also stoke further friction with the U.S., which has accused the Islamic Republic of being behind a spate of attacks on oil tankers near the Strait of Hormuz shipping chokepoint. Iran denies any wrongdoing.
Most major currencies have traded in narrow ranges while global equities are generally unchanged, expect thin trading till there is a response from Europe or the United States.
Currently Close Range
USDCAD 1.3400 1.3414 1.3393-1.3419
EURCAD 1.5048 1.5053 1.5019-1.5078
GBPCAD 1.6833 1.6885 1.6821-1.6905