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The US/Iran conflict has driven the greenback higher against the crosses over the past couple of days as risk sentiment deteriorates. Global equities took on losses amid renewed inflation fears worsen.
Read more →The Iran conflict has reignited after several days of relative peace; both the US and Iran have attacked putting markets back into volatility and uncertainty. The strongest main board currency last week was the US Dollar (USD) while the worst performing currency was the New Zealand Dollar (NZD).
Read more →The bond crisis engulfing markets last week, had seen global bond yields spike and the US Dollar tumble. This crisis was averted by Treasury Secretary Bessant, who announced a buy-back package, with the backing of an insurmountable US$1Trillion ‘General Fund’.
Read more →Markets have been consumed by a global bond market crisis. This began in the Japanese bond market, which was bailed out, by an intervention from the US Treasury. Last week the bond crisis spread to engulf the US and Europe.
Read more →Volatile markets have seen risk on markets turn back to risk off based on persistent US inflation and geopolitical uncertainty. The US military has been running a thin shipping corridor through the Strait of Hormuz over the past few weeks moving over 10M barrels of oil a day.
Read more →Markets early this week are still “risk off” as President Trump stated he wasn’t interested in extending the truce with Iran. Oil prices have traded higher with uncertain sentiment.
Read more →The Australian Dollar (AUD) swept downside liquidity at 0.6095 (1.6405) late last week against the Euro (EUR) to steadily improve into the weekly close. The AUD has extended moves Monday to 0.6115 (1.6350) on improved risk and a hawkish RBA tone.
Read more →The strongest main board currency last week was the New Zealand Dollar (NZD) while the worst performing currency was the Japanese Yen (JPY) after giving back a chunk of its early week rally.
Read more →US equity indices strengthened 1-2% to start the month of August. Talks between Iran and Trump are still ongoing with Trump saying, “the conflict is working out very well, this is the last chance” (again).
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