Despite this major FX is not a lot changed. There are multiple ‘hot takes’ doing the rounds, the one with most credence as to why markets are, relatively, calm is that Iran gave wide notice in the days leading up to the attack that it would do so. While its too early to say this is over (way, way too early), so far the world seems to have gotten off lightly.

As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.

Indicative rates:

• EUR/USD 1.0634
• USD/JPY 153.09
• GBP/USD 1.2447
• USD/CHF 0.9121
• USD/CAD 1.3779
• AUD/USD 0.6463
• NZD/USD 0.5942

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