AUD/USD flows: Game Of Chicken Again

Over the weekend, we have Trump sending his 48 hours ultimatum towards Iran. He threatens to target key energy infrastructure if Iran does not reopen the Strait of Hormuz. His threat was met with verbal retaliation from Iran, suggesting they will also be scorching the earth by targeting Gulf countries energy and water infrastructure. 

Regional equities are hit hard, so as precious metal. AUD/USD is trading 0.57% lower at 0.6982.