U.S.-Iran Keep the Missiles Flying
Things begin to escalate after U.S. Army Apache helicopter being downed over the Strait of Hormuz. U.S. launched three waves of airstrike against Iranian air defense, radar and ground control sites, then Iran retaliated with Bahrain, Jordan and Kuwait airstrikes on U.S. military bases. It seems to be a serious escalation that will derail talks, risk asset have already taken a hit and may rotate further lower.
AUD/USD is trading 0.14% lower at 0.7017.