Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
This year, the price of the dairy, which is the major export commodity of New Zealand, has been recovering. In the last two auctions, the price has moved higher by 6.6 percent and 12.7 percent. While this has been supportive of the kiwi, the dairy farmers couldn’t lock in all of the gains due to rise in the value of the exchange rate.
The New Zealand dollar is currently trading at 0.734 area and if the dairy auctions turned out to be a good one, the kiwi is likely to clear off the resistance zone around 0.73 area decisively.
Trade idea: We expect the New Zealand dollar to trade strong against the USD. Making a base around 0.7 area, we expect the kiwi to move towards 0.8 area against the dollar. The rally may get extended towards 0.82.
