Above: Donald Trump heads for South Korea where he will meet Xi Jinping. Official White House Photo by Daniel Torok. FX • NZD • Market Sentiment

A confluence of policy and trade headlines is lifting risk-sensitive assets and supporting the New Zealand Dollar.

The Fed is widely expected to cut by 25bp and wind down QT today , setting a supportive global rates backdrop.

Washington and Beijing are signaling tariff de-escalation tied to fentanyl cooperation , with leaders slated to meet tomorrow.

Trade tailwinds include fresh US–Korea progress and China’s soybean purchase signals , improving risk sentiment across APAC.

Driving the news

Karl Schamotta, Chief Strategist at Corpay, says: "A confluence of positive catalysts is lifting risk-sensitive currencies and asset prices this morn

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