Asian Currencies Mostly Strengthen Amid Mixed Developments
0114 GMT — Asian currencies mostly strengthen against the U.S. dollar in the morning session amid mixed developments. On the one hand, President Trump said Monday that Iran and Israel agreed to a cease-fire to begin following their final military operations. A possible cease-fire agreement could enhance the appeal of risky assets. On the other hand, Iran's Foreign Minister Abbas Araghchi said there was no agreement on a cease-fire or cessation of military operations. The minister's comments could dent hopes for a cease-fire agreement, damping risk appetite. USD/KRW falls 0.4% to 1,365.20 and AUD/USD rises 0.3% to 0.6480, LSEG data show. (ronnie.harui@wsj.com)

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