Market News & Analysis
FX Handover: Iran Sanctions Weigh On Sentiment Ahead Of G20
Matt Simpson June 25, 2019 5:46 AM
- 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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