Markets are on tenterhooks to see how Israel reacts to Iran’s weekend attacks. The US dollar is strong, while the Aussie and Kiwi dollars begin the week down. Oil is up.
In our bonus deep dive interview currencies, ANZ Head of FX Research Mahjabeen Zaman is watching the yen and US dollar closely, and sees news from the Middle East limiting any bounces for the Aussie dollar.
5 things to know:
Foreign exchange markets in Australia and New Zealand will be the first to respond since Iran attacked Israel directly over the weekend. ANZ Group Chief Economist Richard Yetsenga sees other factors moving markets too.
Richard has a particular focus on the yen.
ANZ Chief Economist for Greater China Raymond Yeung will look closely at the deflator in China’s March Quarter GDP figures tomorrow.
Richard will watch Australian jobs figures on Thursday to see if last month’s strong bounce-back is sustained.
ANZ Head of G3 Economics Brian Martin says the ECB is comfortable not being Fed dependent, allowing it to cut before the Fed.
Cheers
Bernard
PS: Catch you tomorrow with a preview of the RBNZ’s decision on Wednesday.
