Asia Summary and Highlights 13 August
United Arab Emirates had released a further tranche of Iran's frozen assets held in Emirati banks
Asia Session
Regional equities are outperforming U.S. peers on optimism. Korean equities are gaining the most, followed by Japanese while U.S. equities are performing individually. There does not seem to be fundamentally changing headlines coming out, thus the move may not last. AUD/USD is trading 0.22% lower at 0.7046. NZD/USD is trading 0.47% lower on sharply lower RBNZ inflation expectation while USD/CAD rises 0.05%.
It is reported that the United Arab Emirates had released a further tranche of Iran's frozen assets held in Emirati banks. Such seems to be instilling more optimism in the geopolitical front. USD/JPY is little changed at 159.32, down 0.05% for the session. Else, EUR/USD is up 0.02%and GBP/USD down 0.02%.