Australia, New Zealand dollars bounce as US extends ceasefire with Iran
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The Australian and New Zealand dollars rose as the US extended a ceasefire with Iran, allowing for further peace talks. The Aussie increased by 0.1% to US$0.7157, while the kiwi rose 0.2% to US$0.5904. Market expectations for a rate hike in New Zealand have also strengthened, with a 51% probability of a quarter-point increase next month. Analysts express concerns about the ongoing situation in the Middle East, which could impact the global economy, but remain hopeful for a resolution soon.
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