Equity markets surged back and bond yields relented, following the decision by POTUS to suspend scheduled attacks on Iran. Trump deferred any military actions, as the Iranian were scrambling to make concerted efforts, to settle peace. Oil price tumbled back below US$90/barrel and share markets surged back. Trump laughed at the spike in US inflation, assuring the people, that it was temporary and would collapse following peace in the Middle East. The US Dollar was softer, with the EUR rising above 1.1550, while the GBP looked to regain 1.3400.
The reserve stabilised commodity currencies, with the AUD approaching .7050, and the NZD pushed above .5830. A more permanent peace is needed for confidence to return to markets.
