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NZD/USD rallied about 20 pips to 0.5692 after the RBNZ delivered a 25bps rate hike as expected.

2026-07-08

NZD/USD rallied about 20 pips to 0.5692 after the RBNZ delivered a 25bps rate hike as expected.

Other News
2026-07-08

According to Al Jazeera, a Lebanese diplomatic source said that Israel is seeking to establish a bilateral mechanism with Lebanon, minimizing U.S. involvement.

According to Al Jazeera, a Lebanese diplomatic source said that Israel is seeking to establish a bilateral mechanism with Lebanon, minimizing U.S. involvement.
2026-07-08

Despite the Trump administration pushing to build a domestic supply chain, U.S. demand for rare earths has yet to materialize and output from MP Materials, Energy Fuels and Phoenix Tailings is being sold to Japanese and South Korean buyers. The three

Despite the Trump administration pushing to build a domestic supply chain, U.S. demand for rare earths has yet to materialize and output from MP Materials, Energy Fuels and Phoenix Tailings is being sold to Japanese and South Korean buyers. The three firms, backed by billions of dollars in U.S. government support, are supplying Asian magnet makers whose production scale is still far exceeds the nascent U.S. industry. Phoenix Tailings CEO Nick Myers said Chinese rare-earth metal exports have fallen sharply this year and Japanese customers are scrambling to buy the company’s metals. He warned that unless major U.S. defense contractors act quickly, the company’s product will be sold out, with other buyers paying higher prices and moving faster. Industry sources say U.S. companies have announced plans to mine rare earths and make magnets domestically, but it will take time for a scaled U.S. rare-earth supply chain to form.
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