White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
New Zealand government bonds ended Friday’s session on a tad lower note amid a muted trading day that witnessed little data of major economic significance. Also, investors are awaiting the country’s GlobalDairyTrade (GDT) price auction, scheduled to be held earlier next week for further direction in the debt market.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose 1 basis point to 2.95 percent, the yield on 20-year also edged 1 basis point higher to 3.46 percent while the yield on short-term 2-year closed flat at 1.92 percent.
US president Trump’s plan to slap 25 percent of tariffs on steel and 10 percent on aluminum imports next week, which already prompted protests from Canada and the European Union, is likely to dampen global risk appetite today amid heightened prospects of a trade war. Wall Street closed lower amid a rerating of industrial stocks. This comes ahead of Chinese adviser Liu He’s meetings with US economic adviser Gary Cohn, Trade Rep Lighthizer and Treasury Secretary Mnuchin, and the risk of Chinese retaliation is hovering at the back of investors’ minds.
Fed Chair Powell’s testimony to the Senate Banking Committee flagged that "there’s no evidence the economy is currently overheating…we don’t see any strong evidence yet of a decisive move up in wages” and “by continuing to gradually raise interest rates over time, we’re trying to balance those two things and achieve inflation moving up to target but also make sure the economy doesn’t overheat".
Meanwhile, the NZX 50 index closed 0.65 percent lower at 8,288.42, while at 06:00GMT, the FxWirePro's Hourly NZD Strength Index remained slightly bullish at 85.18 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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