The EUR/USD pair loses momentum to near 1.1540 during the early Asian session on Wednesday. Renewed tensions in the Middle East following the US attack on Iran drag the Euro (EUR) lower against the US Dollar (USD).
Commerzbank’s Charlie Lay explains that Korean authorities announced new measures to support the Korean Won, including tighter oversight of offshore FX derivatives, scrutiny of suspected misconduct, and expanded FX hedging by the National Pension Service via USD forward selling.
Danske Research Team describes uneven equity performance, with Far East markets dragging global indices lower while US benchmarks rebounded, led by technology and energy. AI-related themes and Iran news, including Oil price moves, remain dominant drivers.