Markets opened the week in a state of nervous apprehension, as the ceasefire deadline is set to expire and the US seized and boarded an Iranian ship. Negotiations are set to resume, prior to the expiration of the ceasefire Tuesday, and hopes are high for a resolution. Trump has escalated threats and rhetoric, warning of dire consequences for Iran, if an agreement in not reached. The US Dollar held steady, with the EUR trading just below 1.1800, while the GBP golds above 1.3500.The PBoC held interest rates steady, as expected, while NZ trade data showed increases in both exports and imports. This reflects the inflated dollar value rise in prices during the Middle East crises. Markets await results from Islamabad.
