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Iranian Foreign Ministry spokesman Bagaei: US Secretary of State Rubios lies cannot replace the facts. Ansar Hezbollah (the Houthi rebels) is an independent actor that makes its own decisions; it neither accepts anyones instructions nor acts as anyones agent.Conflict Situation: 1. Iranian Foreign Ministry: Will respond decisively to any attack by the US military. 2. US Central Command: No US Navy warships were attacked; 10 Iranian oil tankers were destroyed. 3. Iranian Revolutionary Guard: Strikeed 2 US warships and 8 oil tankers, and also struck 10 vessels violating regulations. 4. Houthi rebels in Yemen: In the past 12 hours, Saudi warplanes conducted 48 airstrikes on the provinces of Artev, Marib, Taiz, Khodaeda, Saada, and Albayda. These airstrikes will be punished. 5. Iranian officials stated that Tehran is prepared for a more intense war with the US if necessary. The official stated that Iran will escalate its response to US attacks. 6. Saudi-led coalition in Yemen: Houthi rebels attacked the Saudi cities of Khamis Mushait, Abha, and Jizan on Wednesday using ballistic missiles and drones. 7. According to Iranian media reports, Saudi Arabia recently launched airstrikes against Houthi-controlled areas in Yemen. The Houthis claimed at least 70 attacks on six provinces. Sources indicated that Saudi forces used artillery and drones to attack parts of Saada province in northern Yemen, an area controlled by the Houthis. Strait of Hormuz: 1. Iran announced it will establish a new maritime "sanctions zone." 2. UK Maritime Trade Organization: Several merchant ships were attacked in the Gulf. 3. The Iranian Revolutionary Guard proposed a series of conditions for ending the war. 4. According to Saudi media Alhadath: Iranian media reported that an oil tanker was attacked in the Strait of Hormuz. 5. Pakistan reportedly issued a warning to Iran on behalf of Saudi Arabia, demanding that it restrain attacks by the Houthi rebels in Yemen. Given Pakistans defense agreements with Saudi Arabia and Turkey, this move carries significant weight. 6. According to Iranian state media: Explosions were heard off Qeshm Island, Iran, and several areas in Sirik were hit by artillery fire. Other matters: 1. US officials and Western diplomats say the Trump administration has not opposed the UK-led initiative to impose new sanctions on Israeli settlements in the occupied West Bank. 2. Japanese Foreign Ministry: Japan and Oman held a video conference of international law officials to exchange views on international law issues related to the Strait of Hormuz. 3. Israeli officials: The UK has been notified that its consulate in Jerusalem must close. 4. UN envoy: Houthi cross-border attacks could escalate the conflict, endanger civilians, and undermine political efforts. 5. US President Trump: We are not seeking a deal with Iran. Negotiations with Iran are possible. The war with Iran will end immediately after the midterm elections. 6. Iran: Once the war ends, it will prepare for IAEA inspections. On September 10th, it was reported that on the 8th, the foreign ministers of 12 countries, including the UK, France, and Canada, issued a joint statement proposing to restrict trade with Israeli settlements in the West Bank, urging the Israeli government to immediately halt settlement expansion, hold settlers accountable for acts of violence, and investigate allegations against the Israeli military. The Israeli newspaper Haaretz commented that the attitude of Western allies towards Israel has shifted from "verbal criticism" to "substantial action." This indicates that an "era of sanctions" has arrived and will not end with a change of government in Israel.On September 10th, Apple (AAPL.O) introduced a "Reference Image" feature to its newly released iPhone 18 Pro series, digitally verifying whether photos taken by users have been modified by AI in post-production. When a user takes a photo, the main camera sensor simultaneously acquires signed sensor data. Apples private cloud computing service then converts this data into an "unalterable image" that can be viewed in the Photos app. If a photo has been edited, users can view the original "digital negative" and compare the differences. The "Reference Image" authentication mark isnt only displayed on the phone that took the photo. Users can also share the signed photo with others, including the reference signature used for future authentication. However, this feature will not be available in the EU or China for the time being.According to Iranian media reports on the 10th, explosions were heard in the waters off Qeshm Island and Sirik in southern Iran.

NZD/USD finds support near 0.6220; a decline appears more probable due to China's Covid concerns

Alina Haynes

Nov 28, 2022 15:04

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China's anti-Covid shutdown protests have weakened commodity-linked currencies, resulting in a gap-down start of roughly 0.6220 for the NZD/USD pair. During the previous week, the New Zealand dollar dropped after failing to surpass the round-level barrier of 0.6300.

 

Individuals have taken to the streets in China to demonstrate their opposition against the zero-tolerance policy, leading to a rise in civil unrest. Due to Chinese leader Xi Jinping's conservative posture and authoritarian framework, global markets have become more risk-averse. This has created an economic expansion risk and may worsen the already shaky housing market. Increasing apprehensions about societal risks may also result in political instability, which may have long-lasting detrimental effects on economic structure.

 

Notably, New Zealand is one of China's most important trading partners, and instability in China could damage the New Zealand Dollar.

 

In the meantime, the US Dollar Index (DXY) is profiting from investors' liquidity as the demand for safe-haven assets surges. The USD Index is hovering around 106.20 and attempting to reduce volatility as China's anti-locking protests restrict the upside and predictions of a slowdown in the Federal Reserve's larger rate hike cycle limit the downside (Fed).

 

S&P500 futures are under heavy pressure from market players due to a risk-averse market mentality. In anticipation of Fed chief Jerome Powell's address on Wednesday, yields on 10-year US Treasuries have decreased to approximately 3.68 percent. The Fed Chair's speech could dispel suspicions about a pause to the Fed's current rate-hiking program.