Top Middle East commander briefed US President Trump on military options on Iran, according to ABC News
The briefing of President Trump by a top Middle East commander on military options regarding Iran raises concerns about potential escalation in the region.
[MARKET UPDATE] USD/CNH climbs following the PBoC's lowering the FX risk reserve ratio back to 0% from the 20% level that had been in place since September 2022 and was a tool aimed at stabilising the FX market that made shorting the currency more costly
PBoC is to cut FX Risk Reserve Ratio for forward FX sales to 0% from 20% effective March 2nd to promote FX market development and support corporate exchange rate risk management
Top Middle East commander briefed US President Trump on military options on Iran, according to ABC News
US VP Vance says negotiations depend on what the Iranians do and there is no chance that any potential strikes on Iran will result in engaging in a war for years
Australian Housing Credit MoM (Jan) M/M 0.6% (Prev. 0.7%)
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Such developments could underpin uncertainty in energy markets, particularly affecting oil prices and safe-haven assets like gold, while also creating volatility in equities and currencies. This situation poses a risk of tightening geopolitical conditions, which may lead to market jitters.
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