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US strikes target Iran after deaths of American troops

The US said it also located remains in Jordan tied to a separate Iranian attack that killed two US troops and left one missing in action.

Reported · Written up by our desk · Major Pairs

The United States said it launched airstrikes aimed at “punish[ing]” Iran after the first US military deaths since renewed hostilities, Bloomberg reported, citing the US account of the incidents.

Separately, the US reported that a controlled detonation of a downed Iranian drone in northern Iraq killed another American service member. US Central Command also said it located unidentified remains in Jordan, where a separate Iranian attack left two US troops dead and one missing in action.

While the developments are not specific to any one currency pair, financial-market jargon typically frames such shocks as either “risk-on” or “risk-off,” terms used to describe how much risk investors are willing to take.

In “risk-off” periods, bonds often gain, gold tends to rise, and safe-haven currencies such as the US dollar, Japanese yen, and Swiss franc typically strengthen, according to the article’s explanation of market behavior.

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