Mackay: Market welcomes "normalcy" to return after the temporary peace agreement between the US and Iran.

Thierry Wizman of Macquarie stated in a report that after news of a temporary peace agreement and memorandum of understanding between the US and Iran, a sense of "normalcy" seems to have returned to the market this week. He said this "normalcy" is most evident in oil prices. The global foreign exchange and interest rate strategist stated, "This somewhat restored normalcy implies that traders may shift their focus to central bank decisions this week." On Wednesday, the Federal Reserve will announce its interest rate decision, the first since new Chair Kevin Wash took office. Data from the London Stock Exchange Group show that the currency market reflects a high probability expectation of no change in interest rates. He also mentioned that Macquarie doesn't want to overlook the importance of the continued decline in oil prices for the foreign exchange market.