The antipodean currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Monday, as Asian stock markets traded lower, as traders remain concerned about surging crude oil prices and rising global bond yields. They also remain concerned if the fragile U.S.-Iran truce would hold while the U.S and Iran continue talks to end the war in the Middle East even as both factions rejected each other's latest peace proposals.
U.S. President Donald Trump on Sunday warned that "the clock is ticking" for Iran and they better get moving, FAST, or there won't be anything left of them.
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