Asian currencies were broadly consolidating against the U.S. dollar in early trading, but sentiment remained fragile as a fresh bout of risk aversion weighed on markets. UOB’s Global Economics & Markets Research team said the latest risk-off session followed a third straight overnight decline in U.S. equities, with investors focused on the ongoing U.S.-Iran conflict and an approaching U.S.-Canada tariff deadline. If Washington and Ottawa fail to reach an agreement, a new 50% U.S. tariff on certain Canadian goods will take effect on Wednesday. In the market, the U.S. dollar was 0.1% lower at 159.43 yen, little changed at 1.2785 Singapore dollars, and the Australian dollar was down 0.1% at US$0.7078, according to LSEG data.