NZD reaches 2½-month high as oil prices rise on Iranian tanker seizure
The New Zealand dollar hit a 2½-month peak before pulling back slightly, as oil prices climbed following Iran's seizure of an oil tanker in the Strait of Hormuz.
The New Zealand dollar reached a 2½-month high then retreated slightly. Oil prices rose after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continued trading heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs.
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NZD reaches 2½-month high then pulls back slightly
Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs