Weak Risk Appetite Spreads to Asia on Iran, US Tariff Uncertainty
Risk aversion is spreading across Asian markets as concerns over Iran tensions and US tariff uncertainty weigh on sentiment, leading into a cautious weekend. Next week's central bank rate decisions are also in focus.
Risk appetite has weakened further in Asian trading sessions, driven by lingering geopolitical tensions surrounding Iran and fresh uncertainty over US trade tariffs. Markets are positioning cautiously ahead of the weekend, with many participants reluctant to take on risk.
Next week's central bank meetings are adding to the cautious tone, with rate hike expectations on the table. The combination of geopolitical and trade headwinds is keeping safe-haven flows elevated, while risk-sensitive currencies and equities face selling pressure.
Source: FXStreet Forex News