US President Trump says Iran campaign “won’t last”, warns of more strikes
US President Donald Trump said on Wednesday that the renewed campaign against Iran “won’t continue for too long," adding that he is prepared to launch another attack on Iran.
During remarks at the White House, he said that Iran was trying to build a rocket that drops sea mines and was trying to rebuild radar and missile systems.
Key highlights:
Renewed campaign against Iran won't continue for too long
Iran was trying to rebuild radar and missile systems
Iran was trying to build a rocket that drops mines; we took it out
Prepared to do another attack on Iran
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.22% | -0.79% | -0.42% | -0.33% | 0.83% | 0.20% | |
| EUR | -0.06% | 0.15% | -0.85% | -0.47% | -0.38% | 0.75% | 0.14% | |
| GBP | -0.22% | -0.15% | -0.99% | -0.63% | -0.54% | 0.57% | -0.01% | |
| JPY | 0.79% | 0.85% | 0.99% | 0.36% | 0.45% | 1.58% | 0.98% | |
| CAD | 0.42% | 0.47% | 0.63% | -0.36% | 0.09% | 1.22% | 0.62% | |
| AUD | 0.33% | 0.38% | 0.54% | -0.45% | -0.09% | 1.13% | 0.53% | |
| NZD | -0.83% | -0.75% | -0.57% | -1.58% | -1.22% | -1.13% | -0.58% | |
| CHF | -0.20% | -0.14% | 0.01% | -0.98% | -0.62% | -0.53% | 0.58% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Risk sentiment FAQs
In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
Author
Christian Borjon Valencia
FXStreet
Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.
