The market is absorbing US-Iran geopolitical tensions with limited impact on major currencies. Focus remains on central bank hawkishness, specifically the RBNZ's positive stance for the NZD versus the EUR's consolidation.
Key Takeaways
- 1.Market sentiment remains resilient to US-Iran escalations, with equities and G10 FX showing limited impact.
- 2.EUR/USD is consolidating near recent lows amid Middle East turmoil and dampened ECB rate hike expectations.
- 3.The RBNZ's hawkish stance and strong local manufacturing data support a bullish outlook on NZD.
Table of Contents
- Asia overnight
- EUR: minutes too late
- NZD: long the Kiwi still a US-Iran peace deal trade
- Open trade recommendations
- Key events
- FX Research advanced tools
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Authors
Valentin MarinovDavid ForresterAlexandre Dolci
Securities
EURUSDAUDNZD
Themes
Geopolitical Risk
Regions
Middle EastUnited StatesIranNew Zealand