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Trump Calls Israel ‘Great Partner,’ Says Iran-UAE Currency Swap Under Review

Minseung Kang

Summary

Trump said Israel has been a great partner to the United States.
Trump said a currency swap between Iran and the United Arab Emirates is under review.
Markets are focused on Middle East military tensions and the possibility of changes in the structure of cross-border financial transactions.

President Donald Trump praised US ties with Israel while also referring to a possible currency-swap arrangement between Iran and the United Arab Emirates.

Walter Bloomberg, an overseas economic news feed, reported on April 21 that Trump said, "Israel has been a great partner to the United States."

He also said a currency swap between Iran and the UAE is under review. Trump added, "They are very wealthy countries, so it's surprising that such discussions are taking place."

Markets are watching not only military tensions in the Middle East, but also the possibility of changes to the structure of cross-border financial transactions.