APREX · EST. 202624markets Global daily market news
USA tightens the blockade: Iran's oil exports to China come under heavy pressure
American sanctions pressure is constraining Iranian oil deliveries to Chinese buyers, but a sophisticated network of yuan payments and shadow tankers has kept trade flowing — until now.
AUD/USD surges to highest since June — up 0.86% to 0.7178 as dollar struggles
The Australian dollar is today's strongest G10 currency against the USD, with AUD/USD climbing to 0.7178 — its highest level since early June. Broad dollar selling, rising commodity prices, and risk-on sentiment are driving the move, as technical resistance at 0.7200 comes into view.
Central Banks in a New Era: RBNZ and ECB Price In 40–52 bp of Tightening — Fed and BoC Hold Back
Two macro shocks have reshaped interest rate markets globally this week: Trump's announcement of historically severe Iran sanctions and an unexpected Treasury buyback operation from Bessent. The RBNZ now prices in 52 bp of tightening by year-end, the ECB 40 bp, while the Fed holds a 65% probability of no change. Markets are positioning for an inflation squeeze from both sides — a weaker dollar and higher oil.
