Panic takes over amid market talks of a US strike on Iran
Source Fxstreet
Markets enter panic mode on headlines indicating United States (US) President Donald Trump has become more inclined to strike Iran's nuclear facilities, according to senior White House officials, as cited by Fox News.
President Trump is meeting with his National Security Council according to the White House, and is expected to offer a statement on the matter afterward.
Market reaction
The US Dollar (USD) accelerated its advance with mounting fears, with the Dollar Index (DXY) hovering around 98.80 at the time of writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The Japanese Yen (JPY) kicks off the new week on a softer note as the latest optimism over a trade deal between the US and the EU undermines traditional safe-haven assets.
Gold price (XAU/USD) struggles to attract any meaningful buyers during the Asian session on Tuesday.
The US Dollar (USD) holds steady against its rivals after posting impressive gains on Monday.
The USD/JPY pair ticks down to near 148.35 during the late Asian trading session on Tuesday, struggling to extend its three-day winning streak.
The EUR/USD resumed its downtrend for the second straight day as market participants digest softer-than-expected economic data from the United States (US).
