Gold investors have sharply reduced their long positions as rising oil prices, driven by the US-Iran conflict, threaten recent disinflation progress, according to FX Street citing TD Securities.
The New Zealand Dollar strengthened against the US Dollar on Monday, trading around 0.5850, up 0.14% for the day. This movement came as the US Dollar weakened following softer US inflation data, FX Street reported.
For Japanese market participants, the shift in commodity-linked currencies like the NZD and movements in gold prices highlight ongoing geopolitical risks and inflation trends that could influence FX and equity markets.