Reactions to Trump’s pull out of the Iran deal were rather muted. DOW ended up 0.01% at 24360, S&P 500 down -0.03%, NASDAQ up 0.02%. WTI crude oil reversed initial loss and is back above 70.5. 10 year jumped together with oil and is back at 2.99. Yen is thus, under some pressure and trades broadly lower in Asian session.
Elsewhere in the currency markets, Canadian Dollar recovers broadly, follow oil price. Dollar is supported by rebound in yields while NZD is trading higher ahead of tomorrow’s RBNZ rate decision.
