US markets recovered overnight, with equities rebounding and the US Dollar easing slightly. The almost panic selling, following the Supreme Courts announcement restricting US tariffs measures calmed, as replacement tariffs were levied under other legal codes. The pressure on sectors impacted by AI is continuing, as analysis shows the extent of the damage AI may do, to any particular industry under scrutiny. The Iran/US tensions remain high keeping upward pressure on oil prices. The US Dollar eased allowing the EUR to look to regain 1.1800, while the GBP consolidated above 1.3500.The softer reserve allowed commodity currencies to calm, with the AUD trading 0.7060, while the NZD holds above 0.5960. Local markets will be watching inflation reports released in Australia, very closely.
