Asia Summary and Highlights 1 June
Broader risk hopeful without anything concrete
Asia Session
There is a barrage of headlines over the weekend but none suggest a quick resolve. The latest one would be Iran pushing back Trump's edit on the agreement and suggesting their own edit. The USD is trading individually and see USD/JPY rising 0.14% at 159.45.
The broader risk sentiment seems to be hopeful without anything concrete regarding the Middle East picture. While U.S. Rubio is proposing a Lebanon ceasefire, the progress regarding the U.S. - Iran deal is very limited if not deteriorating. AUD/USD is trading unchanged at 0.7184 as regional equities are not as upbeat. NZD/USD is trading 0.32% lower while USD/CAD rises 0.09% despite higher oil. Else, EUR/USD is down 0.08% and GBP/USD is up 0.02%.