The Australian dollar is the top performer today and is making fresh session highs, up 27 pips. It's part of a broader move that includes USD selling, excluding against the yen. It's a broad, risk-positive move as the market calculates that any Israeli response to Iran won't lead to further escalation.Israeli officials cited by Reuters said Netanyahu's five-member war cabinet favored retaliation in a meeting on Sunday, although the panel was divided over the timing and scale of any such response. Two officials signalled retaliation was not imminent and that they would not act alone. The US has drawn a clear line here and said it won't participate in further attacks against Iran.It remains
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