US equity markets are setting all-time record highs, boosted by market sentiment, as war threats subside and global trade prospects improve. The US deadline for trade deals remains 9th of July and major deals are expected to be announced by then. The Canadian Government could not hit reverse gear fast enough, on their brand new digital tax, following Trump shutting down trade negotiations. China has already agreed and India is in the process. The EU is negotiating hard, while Asian Countries are also well down the path. The surge in confidence has seen a precipitous fall in the US Dollar, not only for safety reasons, as multi-polarise is on the rise. German inflation declined to 2%, and the EUR surged to 1.1750, following the GBP consolidating 1.3700.The fall in the reserve allowed for further gains in commodity currencies, with the AUD hitting 0.6550, while the NZD looks towards 0.6100. These two Countries have no trade deal with the US, so expect some news, or volatility will ensue.
