IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
New Zealand’s ANZ Monthly Inflation Gauge fell 0.3 percent m/m in February to be 3.1 percent higher than a year ago. Changes to tertiary education costs as a result of the Tertiary education fees free policy are included in this month’s gauge.
The fall in tertiary education costs had the biggest impact of the subcomponents in the Gauge (-0.34 percentage point contribution). A third of the 36 subcomponents rose in the month, with the biggest contributors being rents and purchase of housing (+0.12 percentage point and +0.04 percentage point respectively).
Of the five subcomponents that fell, seasonal falls in domestic air transport (-0.09 percentage point) and accommodation (-0.06 percentage point) were the largest contributors, outside of education. Despite the Gauge recording decent upward momentum at present it does not suggest that a sustained lift in inflation is around the corner.
"We estimate tertiary education costs fell 18 percent. Without this, this subcomponent would have increased 2 percent m/m and the overall Gauge would have increased 0.1 percent m/m," ANZ Research commented in its latest report.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
