Live Updates

5 March 2025
The ANZ World Commodity Price Index rose by 3.0%, reflecting price changes in key exports

The ANZ World Commodity Price Index rose 3.0% in February 2025, tracking key New Zealand export prices.

5 March 2025
Addressing Congress, President Trump announces tariffs on goods manufactured outside the United States

Trump addressed Congress, urging oil drilling, tax cuts, tariffs, border security, and highlighting a stronger US Dollar.

5 March 2025
Trump’s upcoming speech will cover foreign policy, including Ukraine, Gaza, and immigration funding requests

Karoline Leavitt discussed foreign policy, Ukraine, Gaza hostages, deportations, and trade deal differences with Europe.

5 March 2025
Despite positive China Services PMI, NZD/USD remains steady at approximately 0.5650 as Governor Orr resigns

NZD/USD holds near 0.5650 as China’s Services PMI rises; US Dollar pressured by tariffs, growth concerns.

5 March 2025
Howard Lutnick confronted Ontario Premier Doug Ford, who defiantly refused to relent after the call

Lutnick and Ford clashed over trade tensions, with Lutnick criticizing Trudeau’s remarks as “very dumb.”

5 March 2025
The Bank of Japan’s Deputy Governor Uchida indicated policy adjustments may occur if predictions are realised

BoJ may adjust policy; interest rates monitored; wages and consumption rising; economy recovering; JGB purchases possible.

5 March 2025
The IRS intends to reduce its workforce by up to 50% through layoffs and buyouts

The IRS plans to cut its workforce by 50% through layoffs, attrition, and buyouts, sources report anonymously.

5 March 2025
Unexpectedly, China’s Services PMI rose to 51.4 in February, surpassing January’s 51 and predictions

China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.

5 March 2025
The euro’s recent strength boosts EUR/USD to its highest level since early December amidst US policy confusion

The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.

5 March 2025
Trump’s speech is anticipated later, amidst conflicting speculation about tariffs and the fentanyl emergency.

Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.

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