Brown Brothers Harriman highlights that the New Zealand Dollar (NZD) is outperforming, with NZD/USD approaching the 0.6000 resistance as New Zealand business sentiment improves and RBNZ Assistant Governor Silk signals all options, including a 50 bps hike, are on the table for July.
Asian equities gain ground on Friday as market sentiment was buoyed by reports of a tentative 60-day ceasefire extension between the United States (US) and Iran.
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Friday after a holiday in India due to Bakri Id the previous day. The USD/INR pair drops to near 95.50 as falling oil prices due to renewed optimism on the United States (US)-Iran deal have strengthened the Indian Rupee.