Collinson FX: May 13: Markets surge with second major trade deal by US
by Collinson FX 12 May 15:48 PDT
13 May 2025
NZ Nationals – RS Feva – Murrays Bay – May 11, 2025 © Justin Mitchell www.justinmitchell.co.nz – Instagram: @jl_mitchell_
Collinson FX: May 13: UK/US Trade Deal confirmed
Markets surged on the open, following the announcement of a US/China trade agreement. US equity markets rallied strongly, as did US Bond Yields on the great news, adding to the Friday agreement between the US and the UK. This is what markets were waiting for and market sentiment hit overdrive.
The US Dollar also built on recent gains, with the EUR falling below 1.1100, while the GBP dropped to 1.3200. The EUR will remain under pressure, as they are without a trade agreement with the US, and liable for future punitive tariffs.
Markets will be pre-occupied with the trade wars and resolutions, while inflation will be measured with the latest CPI number, set to be released in the US tomorrow.
Commodity currencies suffered the resurgent reserve, with the AUD slipping below 0.6400, while the NZD finally surrendered 0.5900. The impact of the rising US Dollar, was not as pronounced on the commodity currencies, as this signals an improvement in commodity trading conditions.
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