AUD/USD Breaks Below Key Support as Israel's Attack Elevates Risk-Off Mood
0152 GMT — Risky assets could pull back amid rising geopolitical risks in the Middle East, DBS Group Research's Chang Wei Liang says in commentary. The forex and credit strategist notes news that Israel launched a wide-ranging attack on Iran's nuclear program. 'This is in the wake of limited progress in talks between U.S. and Iran on curtailing the latter's nuclear program,' he says. 'Markets will carefully assess risks of an escalation,' the strategist says. 'Safe havens such as CHF and JPY have rallied,' the strategist adds. USD/JPY falls 0.3% to 143.08; USD/CHF drops 0.4% to 0.8069. (ronnie.harui@wsj.com)
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The Hill
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