Growth hit by energy shock – Commerzbank

Growth hit by energy shock – Commerzbank

Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the sharp fall in the Ifo Business Climate Index underlines how severely the energy price shock is weighing on the German economy. He estimates German growth in 2026 will be around 0.6%, or just 0.3% adjusted for working days, and warns that prolonged closure of the Strait […]

NZD/USD rises as US Dollar weakens on renewed US-Iran talks hopes

NZD/USD rises as US Dollar weakens on renewed US-Iran talks hopes

The New Zealand Dollar (NZD) gains traction against the US Dollar (USD) on Friday as the Greenback weakens amid renewed hopes for US–Iran talks after stalled negotiations. At the time of writing, NZD/USD is trading around 0.5880, up nearly 0.46% on the day and poised for a third consecutive weekly gain. Market sentiment improves after […]

Gold rebounds as Iran-US deal hopes drive upside

Gold rebounds as Iran-US deal hopes drive upside

Gold (XAU/USD) price recovers some ground on Friday, extending its gains above $4,700 as market sentiment remains upbeat amid headlines from Iran and the US pointing to a resumption of second-round talks aimed at ending the conflict. At the time of writing XAU/USD trades at $4,726, up 0.47%. Bullion firms as softer Dollar and lower […]