Iran spokesman: Iran, Venezuela will not change position on countering U.S. sanctions – Reuters

Late-Wednesday night, Reuters came out with the news, relying on Iranian Foreign Ministry spokesman Abbas Mousavi, which suggests an increased burden on the current risk-off sentiment.

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Fx implications

Considering the timing of the release, global markets had a little opportunity to react to the news. However, this does add pressure on the risk appetite that dragged down Wall Street benchmarks and the US 10-year Treasury yields on Wednesday.