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Early Tuesday morning in Asia, North Korean (NK) media Yonhap quotes the national leader Kim Jong-Un citing the importance of having a nuclear arsenal. The hermit kingdom has been at loggerheads with the rest of the world, like Iran, as far as the nation’s secret piling of nuclear weapons is concerned.

Key quotes

Self-defense nuclear deterrence will guarantee national safety permanently.

FX implications

Although global markets shrugged off the news, the development suggests the fresh US-NK tussle adding to the broad risk-off mood, which in turn might help the US dollar to witness a pullback from the multi-month low.