Futures aren't open yet, but early FX is pointing to risk off gap

Early FX trading ahead of futures suggests a risk-off gap with the US dollar bid after a fresh round of US–Iran rhetoric. The article notes EUR, AUD and NZD trading lower while the yen is relatively resilient, implying EUR/USD downside pressure and broader weakness in risk-sensitive currencies. Market drivers cited include Iran’s statements on the Strait of Hormuz and diplomatic exchanges (including Trump’s rejection), which have heightened safe-haven demand for the dollar. Overall the piece is short-market commentary flagging potential weaker open for risk assets and a stronger USD bias into the Asian/European open.