Collinson FX: June 30: Markets rallied, to close out a strong week of gains, on US equity markets.

NZ Nationals - RS Feva - Murrays Bay - May 11-12, 2025 © Justin Mitchell www.justinmitchell.co.nz - Instagram: @jl_mitchell_

Markets rallied, to close out a strong week of gains, on US equity markets. The confirmation from China, that a trade agreement has been reached with the USA, boosting market confidence.

Late in the US trading day, it was announced that trade negotiations with Canada, were completely halted. This was triggered by Canada imposing a new ‘Digital Services Tax’ on US tech firms.

The Canadian Government will learn a harsh lesson, and back track very quickly, as they are almost totally dependent on US trade.

This coming week is a shortened trading week on US markets, as they close for US Independence Day Friday.

The US Dollar remains soft, with the EUR hitting 1.1700, while the GBP rallied to 1.3700.

The deadline for global trade agreements is July 9th, which is fast approaching, so NZ and Australia will be extremely nervous. The political leaders from both Countries have been critical of US policy and may experience ‘FAFO’.

Trade dependent nations cannot afford poor relations with the largest economy in the world. This is one reason that commodity currencies have not rallied strongly, in the face of an extremely weak reserve currency.

The AUD closed out the week trading above 0.6500, while the NZD consolidates above 0.6000, although the next two weeks are critical.

For the latest and recent market commentaries from Collinson & Co see collinsonco.com/news-updates

Catch the new look Collinson FX website at www.collinsonco.com

Disclaimer: The details expressed in the Collinson FX website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site

Collinson Forex offers valuable insights and solutions to boat enthusiasts and industry professionals alike. They offer a range of tailored currency services, designed to support individuals and businesses involved in the marine sector, facilitating seamless international transactions and optimizing financial operations. Founded in 1994, Collinson Forex is a trusted financial partner within the marine community. collinsonco.com/business-forex

Collinson Crowdfunding provides innovative equity crowdfunding services, aiming to connect businesses looking to raise capital with investors who are looking for new opportunities. They do this by offering a website for companies to make share offers and support to streamline the offer process. For investors, Collinson Crowdfunding offers a simple way to invest in exciting businesses. collinsonco.com/crowdfunding