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New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Exports: $8.09B (June) vs previous $8.88B
New Zealand Exports: $8.09B (June) vs previous $8.88B
US launches airstrikes to ‘swiftly punish’ Iran for deaths of US troops
The United States (US) has launched the ninth night of Iran strikes. Washington said that airstrikes on Sunday aimed to "punish" Iran over the first US military deaths since renewed hostilities with Tehran, Bloomberg reported.Â
Chinese Yuan: Consolidation holds upside bias against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact.
South Korea: Faster hiking path – DBS
DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026.
Silver Price Forecast: XAG hits fresh YTD low, bears eye $54 breakdown
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77.
China: Stagnation to persist as growth model shifts – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities.
Mexican Peso tumbles as Iran war jitters, denting Peso’s appetite
The Mexican Peso loses traction against the Greenback, dropping over 0.65% during Friday’s North American session as the American currency benefits due to its safe-haven appeal as the US-Iran conflict is far from ending, despite holding talks to finish the war.
Japanese Yen: Verbal intervention fails to move JPY against US Dollar – Scotiabank
Scotiabank’s Shaun Osborne and Eric Theoret note USD/JPY is little changed despite strong verbal intervention from Finance Minister Katayama, who warned of decisive action at any time. Markets remain unimpressed, given repeated rhetoric and limited impact from actual Yen buying.
Australia CFTC AUD NC Net Positions down to $-30.7K from previous $-24.7K
Australia CFTC AUD NC Net Positions down to $-30.7K from previous $-24.7K
Japan CFTC JPY NC Net Positions increased to ¥-122.7K from previous ¥-123.8K
Japan CFTC JPY NC Net Positions increased to ¥-122.7K from previous ¥-123.8K
United States CFTC Oil NC Net Positions fell from previous 75.7K to 62.7K
United States CFTC Oil NC Net Positions fell from previous 75.7K to 62.7K