Swiss National Bank board member Chu Ding said he would be more willing to intervene in the FX market if necessary.

The UAE foreign ministry condemned an Iranian drone attack, saying the unmanned aircraft was intercepted by UAE air defences over the country’s territorial waters. The ministry called the incident a dangerous escalation and a blatant violation of UAE sovereignty, security and stability that directly endangered citizens and residents and breached international law and the UN Charter. It said the UAE will not compromise on national security or sovereignty and reserves all lawful rights to respond under international law. The ministry said such attacks are unacceptable on legal and humanitarian grounds, must stop immediately to ensure full compliance with the ceasefire, and held Iran fully responsible for the attack and its consequences.

Shipping surveyor ITS reported Malaysia's palm oil exports for Aug 1-31 at 1,364,494 tonnes, down 14.9% from 1,602,475 tonnes in the July 1-31 period.