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Markets are expecting a quiet week of economic data which usually means moves will be based on geopolitical headlines. The British Pound (GBP) is the strongest performer this week while the Japanese Yen (JPY) has been the worst performer.
Read more →Markets closed the New York session this morning in a cautionary mood with equities holding firm and geopolitics remaining in a fragile position with the standoff in the strait of Hormuz. The AUD has been the strongest performer this week while the USD has been the worst performer.
Read more →Traffic through the Strait of Hormuz is still very limited with the Crude Oil chokepoint still mostly closed. The ceasefire with Iran in place is at threat as President Trump announced plans to guide ships through the strait.
Read more →US markets surged with confidence overnight, triggered by strong numbers released from market giants Alphabet and Caterpillar. This was enough to lead to a surge in sentiment, with equities hitting record highs and bond yields reversing recent spikes.
Read more →Markets remain cautious heading into the week driven by Middle East tensions around the strait of Hormuz. The New Zealand Dollar (NZD) has been the strongest performer over the past week while the US Dollar (USD) has been the worst performer
Read more →New Zealand Finance minister Willis talking yesterday said NZ inflation may hit 7.4% in a worst-case scenario if the war in Iran continues. The Australian Dollar (AUD) has been the strongest currency in the past week while the Japanese Yen (JPY) the worst performer.
Read more →The strait of Hormuz is closed again Monday with disputes over Iranian nuclear capability and sanctions relief remaining unresolved. It's clear risks to markets are high with energy prices again rising. The Australian Dollar (AUD) has been the strongest currency.
Read more →Markets stay risk on as geopolitics cool heading towards the weekend. The Australian Dollar (AUD) has been the strongest currency in the past week while the Euro (EUR) has been the worst performer.
Read more →NZ Banks are starting to price in cash rate hikes from the July meeting instead of December with higher than anticipated inflation forecasting becoming a problem. The Australian Dollar (AUD) has been the strongest currency in the past 24 hours while the US Dollar (USD) has been the worst performer.
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