FX Handover: Iran Sanctions Weigh On Sentiment Ahead Of G20

A summary of news and snapshot of moves from today’s Asia session.

  • A risk off session in Asia saw gold and JPY strengthen and weigh on USD.
  • Trump placed sanctions on Iranian supreme leader and top officials. Iran says the sanctions mean the diplomatic path has closed forever.
  • Ahead of the G20, a senior official claims Trump said Trump is “comfortable with any outcome” from talks with Chinese President Xi Jinping.
  • Gold burst to a 6-year high with little in the way of resistance coming from the 2013 high. USD/JPY fell to its lowest level since January’s flash crash. Asian equities broadly lower, led by Hang Seng 1400 and China’s CSI300. US futures all point lower.
  • NZD and JPY are the strongest majors, CAD, AUD and USD are the weakest.

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