Today we are taking a look at:

  • Local bond auction saw fewer bids, yields higher as the currency weakens due to concerns over Iranian nuclear deal and sanctions by the US
  • The dollar continues to dominate FX markets, majors weaker, EM FX under pressure
  • A stronger dollar continues to weigh on the gold price, oil remains elevated on Iran tensions
  • Energy stocks jump in the US on the back of a higher oil price as Trump pulls out of the Iranian nuclear deal
  • Chinese trade balance rebounds in April as exports rise; Japanese household spending continues to contract

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