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April 6th - According to a report by the Brazilian website "Situation for the World" on April 5th, Cuban authorities announced on the 4th that they had completed the unloading of 100,000 tons of crude oil from the Russian-deployed oil tanker "Anatoly Kolodkin" in the Gulf of Matanzas, aiming to alleviate Cubas energy crisis caused by the intensified US blockade. This crude oil will be refined in the coming days to produce gasoline, diesel, and liquefied petroleum gas (LPG), all essential for maintaining basic public services and the national economy. The unloading operation, carried out by the Cuban National Oil Company (PDO), is part of an energy cooperation agreement between Havana and Moscow, aimed at easing Cubas fuel supply shortage. According to Cuban authorities, this crude oil shipment strengthens the strategic relationship between Cuba and Russia and expresses international solidarity in the face of the US blockade.The yield on 40-year Japanese government bonds rose 9 basis points to 3.960%.On April 6th, Saudi Arabia raised its crude oil prices for its main Asian markets by $17 per barrel, a record high premium over the Oman/Dubai average, as Irans near closure of the Strait of Hormuz restricted energy transport in the region and market volatility stemmed from uncertainty over the duration of the conflict. Saudi Aramco has set its official selling price for its Arab Light crude oil to Asia in May at a premium of $19.50 per barrel over the Oman/Dubai average, up $17 per barrel from the previous month.Local officials say 41 miners are trapped after Ukraine launched an attack on the Russian-controlled Luhansk region.A Bank of Japan official said the report was primarily based on interviews with companies conducted up to late March.

NZD/USD retests three-month lows below 0.6150 as US consumer spending bolsters hawkish Fed wagers

Daniel Rogers

Feb 27, 2023 14:39

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During the Asian trading session, the NZD/USD retested its three-month trough below 0.6148. The kiwi asset has been dumped by market participants amid weak New Zealand Retail Sales data and increasing stakes for the Federal Reserve's policy tightening to continue (Fed).

 

The term "ecosystem" refers to a group of people who work in the construction industry. S&P500 futures have shown some recovery on Monday morning after reporting significant losses last week, reflecting a caution in the overall theme of risk aversion. The likelihood that the Federal Reserve will announce additional rate hikes to combat persistent inflation has increased, which has had a detrimental effect on U.S. stocks.

 

The demand for U.S. government bonds has decreased due to the Federal Reserve's increased support for additional policy restrictions. The 10-year US Treasury yield has risen above 3.94% as a result of a decline in bond demand.

 

Despite the dovish People's Bank of China (PBOC) report, the New Zealand Dollar has struggled to gain ground. The report predicts a revival in the Chinese economy in 2023 as a result of a relaxation in epidemic prevention and an increase in consumption. The PBoC's vision extends beyond the expansion of domestic demand to include economic growth and price stability over the extended term.

 

Notably, New Zealand is one of China's primary trading partners, and an expansionary monetary policy from the People's Bank of China will strengthen the New Zealand Dollar.


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