The greenback held firm on Tuesday, as US.....>

FOREX: The greenback held firm on Tuesday, as US President Trump formally

announced the US' withdrawal from the Iranian nuclear accord. USDJPY hovered

either side of 109.00.

- The commodity currencies came under pressure, as AUD and NZD initially led the

way to the downside within the G10, with the bounce in oil on the US withdrawal

from the Iranian accord (following various will he, won't he rumours) offering

little support to AUD & NZD.

- USDCAD had a look at 1.3000 but failed to breach the figure, as the bump in

oil prices lent some support to the loonie,  while the NOK continued to come

under pressure despite the uptick in oil.

- Increased focus continues to fall on EMFX, with the Argentine Peso front &

centre. Argentina is said to have requested access to a US$30bln IMF credit

line.

- The MNI Dynamic G10 Carry Indicator continues to point to further USD support

and increased vulnerability of traditional high beta currencies.

- The docket is thin in Asia, with Fed voter Bostic due in US hours.