US President Trump willing to end Iran war without reopening Strait of Hormuz – WSJ

Citing administration officials, the Wall Street Journal (WSJ) reported on Tuesday that US President Donald Trump told aides he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains largely closed.

Administration officials assess that forcing the waterway back open would mean extending the military mission beyond his timeline of four to six weeks, the WSJ said.

EUR/USD rises to near 1.1500 ahead of German Retail Sales, Eurozone HICP

EUR/USD inches higher after five days of losses, trading around 1.1480 during the Asian hours on Tuesday.
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NZD/USD holds gains above 0.5700 following China’s NBS PMI data

NZD/USD halts its five-day losing streak, trading around 0.5730 during the Asian hours on Tuesday. The pair remains stronger as the New Zealand Dollar (NZD) remains stronger following the release of China’s NBS Purchasing Managers’ Index (PMI) data.
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