Search ForexCrunch

During his White House press conference, US President Donald Trump highlighted the recent explosions in Beirut and showed readiness to help.

On late-Tuesday, Lebanon witnessed a massive explosion that took over 70 lives and injured more than 3,700 people, as per the Lebanese Health Ministry. Following the devastative event, the Lebanese President Michel Aoun called for a two-week of a state of emergency.

Key quotes

We stand ready to assist Lebanon; it looks like a terrible attack.

More to come…

FX implications

While rumors point towards the Middle East’s hand behind the incident, US President Trump’s interference may flare up political tension. However, neither the risk barometer AUD/USD nor WTI has shown any major reaction to the news.