Spain HCOB Services PMI came in at 53.3, above expectations (50.8) in March

Apr 7, 2026

USD: De-escalation seen softening Dollar trend – OCBC

OCBC strategists Christopher Wong and Sim Moh Siong note that global markets are cautious as Hormuz risks and energy disruptions threaten to evolve into a broader energy shock. Survey data already show rising input costs and longer delivery times.

NZD/USD Price Forecast: Struggles above YTD low, around 0.5700 amid geopolitical risks

The NZD/USD pair struggles to capitalize on the previous day's modest gains and trades with a negative bias around the 0.5700 mark during the early European session on Tuesday.