NZD/USD trades near 0.5725, with resistance at moving averages and momentum indicators signaling a range-bound outlook.
Declining oil prices could slow non-OPEC+ production growth, especially for high-cost producers, influencing future market balances.
Trump considers tariff exemptions, praises Hyundai’s U.S. investment, and hints at further tariffs on autos and materials.
Morgan Stanley warns that tariff-related inflation may challenge the Fed’s strategy, potentially delaying interest rate cuts.
The US Dollar Index extends gains, supported by economic data and Fed policies, with resistance near 104.20.
Piper Sandler sees Tesla’s brand concerns as overstated, citing factory shutdowns and strong demand with growth ahead.
The Pound Sterling rises slightly against the US Dollar, influenced by mixed Flash PMIs and weaker Dollar sentiment.
Markets surged as major indices hit highs, driven by tariff optimism and strong gains in Tesla and tech stocks.
Trump announces new tariffs on automobiles, aluminium, and pharmaceuticals; Venezuelan crude oil imports face a 25% tariff.
US dollar rose after strong PMI; gold fell, US yields climbed, oil gained, yen weakened on recession easing.
