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27 Aug 2024

Top US General Brown: Risk of broader war ‘somewhat’ abated after Israel-Hezbollah clash

Speaking to Reuters after concluding a three-day trip to the Middle East, US Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, said early Tuesday that fears of a near-term broader Middle East conflict have ebbed after Israel and Lebanon’s Hezbollah exchanged fire without further escalation.

However, the US top General warned that “Iran still poses a significant danger as it weighs a strike on Israel.”

Additional quotes

“You had two things you knew were going to happen. One’s already happened. Now it depends on how the second is going to play out.”

“How Iran responds will dictate how Israel responds, which will dictate whether there is going to be a broader conflict or not.”

“Hezbollah’s strike was just one of two major threatened attacks against Israel that emerged in recent weeks.”

“Iran is also threatening an attack over the killing of a Hamas leader in Tehran last month.”

Aug 27, 2024

Australian Dollar moves sideways around seven-month highs

The Australian Dollar (AUD) moves sideways against the US Dollar (USD) on Tuesday, holding a position just below the seven-month high of 0.6798 recorded on Monday.
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Aug 27, 2024

Japan’s Suzuki: FX rates determined by various factors, not just monetary policies, rate differentials

Japan’s Finance Minister Shunichi Suzuki said on Tuesday that “FX rates are determined by various factors, not just monetary policies and interest rate differentials but also by geopolitical risks, market sentiment and others..” Further comments Hard to tell how those factors would impact FX rates.
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