US sanctions on Iran, Canada tariffs weigh on NZD and AUD
Global markets react to escalating US trade tensions and economic data, with the NZ and Australian dollars weakening amid shifting risk sentiment.
The US has imposed additional sanctions on Iran and escalated tariffs against Canada, while US economic data has shown mixed signals. These developments have triggered a risk-off market mood, with the New Zealand dollar and Australian dollar both underperforming. Oil prices have fallen and US Treasury yields have moved modestly, though gold has risen as investors reassess exposure to US assets and trade risks.
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interest.co.nz
Risk-off vibe sees NZD and AUD underperform
US to impose more ranging sanctions against Iran. US-Canada trade war escalates, with the US to take auto tariffs up to 50%. Oil prices fall. US Treasury yields down modestly
interest.co.nz
Breakfast briefing: US bully tactics widened after prior failures
US makes big economic threats at Iran; Iran blacklists tankers; US economic activity weakens; Canada gets new tariff threat; Singapore inflation up, baby bonus expanded; UST 10yr at 4.70%; gold rises and oil dips; NZ$1 = 59.5 USc; TWI-5 =…
interest.co.nz
Breakfast briefing: Markets see US as just a paper tiger on Iran
US data weakens; Canada retaliates on tariffs; copper & other base metals hit record highs; Taiwan delivers more strong data; private credit shock in Australia; bird flu spreads in Australia; UST 10yr at 4.64%; gold rises and oil falls; NZ$1…
interest.co.nz
AUD supported while NZD sold
US economic data in line with expectations. US rates and USD push higher, with Fed rate hike later this year fully priced. Stronger Australian CPI data raises the chance of the RBA delivering another rate hike this cycle
interest.co.nz
Breakfast briefing: The US leaks momentum on inflation threats
US data mixed although durable goods orders positive; Meta concedes child harm, to pay large penalty; China rolls out support financing; Australia inflation falls less than expected; UST 10yr at 4.67%; gold dips and oil firm; NZ$1 = 59.4 USc