NZD rises to multi-week highs on positive global developments
The New Zealand dollar climbed to multi-week highs as global markets rallied on easing Middle East tensions and coordinated monetary action.
The NZD strengthened to multi-week highs amid a positive risk environment. Global equity markets rose to record levels following signs of a possible US-Iran resolution that could reopen the Strait of Hormuz, sending oil prices lower. The yen also gained ground after rate checks by the US Federal Reserve and coordination between US and Japanese authorities, while US Treasury yields extended their recent rise.
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interest.co.nz
NZD rises to multi-week highs
US equities ended July on a firmer note, with the S&P 500 up 0.7%. The yen gained after rate checks by the NY Fed, & coordination between US and Japanese authorities. US Treasury yields extended their recent rise, led by…
interest.co.nz
Positive risk backdrop supports NZD
Positive vibes on Middle East developments; possible US-Iran resolution has been drafted, paving the way for the Strait of Hormuz to reopen. Oil prices plunge. global rates fall. Global equity markets rise to record highs
interest.co.nz
NZD stable after jobs report
US equities consolidate near record highs. Oil prices were stable on signs of deal to reopen Hormuz. Gold prices surge more than 4%