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UK’s Raab urges Iran to pursue urgent de-escalation

The UK Foreign Secretary Dominic Raab released a statement on Wednesday, via Reuters, condemning Iranian missile attacks on military bases in Iraq early Asia.

Key Quotes:

“We condemn this attack on Iraqi military bases hosting Coalition - including British – forces.” 

“We urge Iran not to repeat these reckless and dangerous attacks, and instead to pursue urgent de-escalation.”

Note that US airbases in Iraq also hosted US-led coalition forces including British personnel.

Meanwhile, oil prices have reversed significant part of the intraday rally to multi-month tops while gold treads water below $1600 and USD/JPY hovers below 108.50.

AUD/USD clings to modest recovery gains, lacks follow-through

The AUD/USD pair failed to capitalize on its Asian session recovery move from fresh three-week lows and remained well below the 0.6900 round-figure ma
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Germany: Sharp fall in November industrial orders – ING

According to Carsten Brzeski, chief economist at ING, drought in German order books and the manufacturing slump is getting worse as new industrial ord
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