hauser, deputy governor of the RESERVE BANK OF AUSTRALIA, said the economy will not enter a recession and will only slow.

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Oil prices rose on renewed U.S.-Iran tensions after Trump said the U.S. will not seek to extend its memorandum of understanding with Iran and threatened to bomb Oman, claiming the Gulf state could block a peace deal. The yen weakened to its lowest in two-and-a-half weeks against the dollar as persistently low FX volatility has boosted demand for carry trades—borrowing low-yield currencies to invest in higher-yielding ones—continuing to pressure the yen, ING analyst Chris Turner said. USD/JPY traded as high as 159.77 intraday.