US markets surged in the previous session, following the announcement of US/Iran talks and the promise of a resolution. Iran denied any such talks and promised military action would continue. This has unsettled markets and equities are mixed while bond yields squeeze higher and higher. The US Dollar regained some ground, with the EUR retreating to 1.1560, while the GBP drifted to 1.3370. Oil prices pushed higher and the crises continues.
The EU travelled to Australia and completed a long-negotiated trade deal, allowing access to Australian commodities. The upheaval in global trade has resulted in the EU completing many global trade deals, previously impossible, as the world re-aligns. The trade deal did little for the AUD, which tumbled to 0.6950, while the NZD looks to once again surrender 0.5800.
