The Wall Street Journal (WSJ) says that the United States’ preemptive military strike against North Korea is unlikely, citing four global economic indicators.
The daily said on Saturday that investors tend to rush for safe haven assets at times of geological clashes, but it is not the case this time.
The report cited that the U.S. dollar, a key currency, usually soars when the risk of war increases, but remains weak, while the Chinese yuan is strengthening.
The daily also cited continued capital influx into the emerging market, which shows investors’ assessment that a war is unlikely.
The journal then cited the surge of the digital currency bitcoin.
The WSJ said that U.S. President Donald Trump warned North Korea will be met with fire and fury if it continues provocation, and the North, in response, threatened to attack Guam with missiles, but there are no significant changes in the four key economic indicators.