Market Updates - U.S. Iran War
Macro (Rates and FX) - March The US-Iran war has already begun to ripple through Asian foreign exchange (FX) markets, where currencies trade against one another, and rates markets, which determine government bond yields and interest-rate expectations. The shock is being transmitted mainly through higher oil prices, a stronger US dollar, and a broader global risk-off move. Since the conflict has escalated, oil prices have surged as tensions around the Strait of Hormuz have intensified. The...