US CENTCOM says it finished the latest strikes against Iran in which US forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems to degrade Iran's ability to continue attacking vessels
The completion of US CENTCOM operations against Iranian military assets marks a significant escalation in regional tensions, likely impacting commodities such as oil and gold as traders assess risks to supply chains.
South Korean Deputy Finance Minister and FX chief Moon Ji Sung says KRW is likely to rise further and BoK rate hike is to stabilise FX, while KRW remains weaker than fundamentals
PRE-MARKET CHINESE STOCK NEWS: Alibaba Group (9988 HK) disagrees with a EUR 550mln EU technology fine, China’s “national team” of funds bought close to USD 9bln in equities as Beijing sought to support the stock market
US CENTCOM says it finished the latest strikes against Iran in which US forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems to degrade Iran's ability to continue attacking vessels
PBoC sets USD/CNY mid-point at 6.7917 vs exp. 6.7706 (prev. 6.7948)
Japan's Trade Minister Akazawa says many unknowns around Saudi naval blockade and deterioration in Middle East situation is concerning, although he added that they have secured sufficient oil supply for Japan as a whole
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This military action could lead to heightened volatility in the FX markets, particularly for currencies tied to geopolitical stability, such as the USD and JPY. Investors should monitor immediate reactions in energy prices and safe-haven assets as markets digest the implications of these strikes.
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