US President Trump: “I'm considering a massive attack greater than anything before”

Agustin Wazne FXStreet

US President Donald Trump said he is close to deciding whether to launch a new military operation against Iran, according to Israel’s N12. Trump said he is “considering a massive attack greater than anything before,” adding that Israel would join the operation “within two minutes” if requested. However, he stressed that the United States (US) would not need assistance to carry out the attack.

Meanwhile, two regional sources familiar with mediation efforts said Iran’s leadership had not accepted the latest proposal presented by intermediaries.

Key quotes:

I’m considering a massive attack greater than anything before. I’m close to making a decision.

Israel would join in two minutes if I ask them to.

We don’t need anybody.

They want to negotiate, but they are not ready to make a deal.

They haven’t received enough pain yet.

We are trying, but the Iranians are not being helpful."

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.34%	0.49%	0.41%	-0.00%	0.33%	0.75%	0.37%
EUR	-0.34%		0.16%	0.07%	-0.37%	-0.01%	0.43%	0.02%
GBP	-0.49%	-0.16%		-0.09%	-0.53%	-0.17%	0.27%	-0.13%
JPY	-0.41%	-0.07%	0.09%		-0.41%	-0.08%	0.34%	-0.05%
CAD	0.00%	0.37%	0.53%	0.41%		0.32%	0.76%	0.37%
AUD	-0.33%	0.01%	0.17%	0.08%	-0.32%		0.44%	0.06%
NZD	-0.75%	-0.43%	-0.27%	-0.34%	-0.76%	-0.44%		-0.41%
CHF	-0.37%	-0.02%	0.13%	0.05%	-0.37%	-0.06%	0.41%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

AUD/USD consolidates above 0.7000 as RBA hike bets support amid softer USD

AUD/USD steadies above 0.7000 in Friday’s Asian session, stalling the overnight pullback from a one-month top as RBA rate-hike expectations act as a tailwind for the Aussie. Moreover, the US Dollar remains on the back foot amid hopes of Iran diplomacy, further supporting the currency pair. However, geopolitical risks and hawkish Fed expectations limit USD losses.

USD/JPY flatlines near 157.70 after hot Tokyo CPI as focus remains on BoJ

USD/JPY consolidates around 157.70 during the Asian session on Friday, moving little following the release of hot Tokyo CPI as focus remains on the highly anticipated BoJ rate decision. Meanwhile, upside remains capped as the US Dollar stays depressed amid the Euro's post-ECB rise. However, Thursday's US macro data reaffirmed Fed hike bets, which, along with geopolitical uncertainties, support the buck and the currency pair.

Gold falls to near $4,000 as US PCE data reinforces December Fed hike odds

Gold price falls to around $4,015 during the early Asian session on Friday. The precious metal loses ground as US inflation data reinforced expectations ‌of a Federal Reserve interest rate hike later this year.

Bank of Japan to leave interest rates steady at 1.25%

The Bank of Japan is set to announce its monetary policy decision on Friday at around 02:30 GMT. Like the Federal Reserve, financial markets are confident that the BoJ will leave interest rates unchanged, after raising them by 25 basis points to 1.25% in the September policy meeting. This is the highest interest rate level seen in 31 years in Japan.

Ethereum dips as US PCE inflation reinforces December rate hike

Ethereum fell below $2,300, down 4.8% on Thursday following a rise in US Personal Consumption Expenditure inflation. The PCE Price Index climbed 0.5% MoM and 3.6% YoY in September, matching market forecasts. Core PCE, which excludes volatile energy and food prices, increased by 0.3% monthly and 3.1% yearly, also in line with expectations.

A hot US economy is supposed to sink Gold. It didn't. Here's why

Gold (XAU/USD) remains under pressure near $4,000, as stronger-than-expected United States (US) economic data reinforce expectations of another Federal Reserve (Fed) interest rate hike in December. Economic growth is accelerating, inflation remains elevated, and borrowing costs could rise further.