💲 Bitcoin hits all-time high at $111,865;

⚠️ Trump's tax reform could increase US budget deficit by $3.8 trillion over the next decade;

🛢 According to the Energy Information Administration, US oil inventories rose by 1.3 million barrels last week against the forecast for a decline of 1.85 million barrels;

💵 The Trump administration is seeking a weaker dollar to reduce the trade deficit;

📰 The next round of talks between Iran and the US on a potential nuclear deal will be held on Friday in Rome.

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#dxy

💵 The dollar index (DXY) is trading at 99.80.

📰 The US currency is under pressure from concerns about the sustainability of the national economy. Traders are concerned about the aggressive protectionist policy of President Donald Trump, which has not yet brought the desired results, but has undermined confidence in the American financial system. At the moment, the main import duties that were introduced by the US in early April are on a 90-day pause, during which the White House administration expects to sign as many trade agreements with partners as possible. However, not many countries are ready to make concessions to the US.

📊 In a few hours, the US will publish May data on business activity in the industrial and services sectors from S&P Global. If the statistics disappoint again, the dollar will continue to decline.📉

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⚠️ The US House of Representatives has approved Trump's tax bill. The vote will now take place in the US Senate;

📊 According to data released yesterday, the US manufacturing business activity index rose to 52.3 in May from 50.2, while service sector activity rebounded to 52.3 from 50.8;

🇺🇸 Initial jobless claims in the US for the week ending May 17 rose by 227,000 from 229,000 two weeks earlier;

🇯🇵 Japan's national consumer price index remained unchanged at 3.6% year-on-year last month, while core inflation rose to 3% from 2.9%;

📣 Japanese Economy Minister Ryosei Akazawa said he intends to visit the United States on May 30 for a fourth round of talks;

📰 The Financial Times reported on Friday that the Trump administration is pressuring the EU to unilaterally cut tariffs on U.S. imports.

💹 Crisis or Opportunity?

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#nzdusd

🇦🇺🇺🇸 The NZD/USD pair is trading at 0.5960.

📊 The New Zealand currency is supported by national statistics. Thus, according to the results of the first quarter, retail sales in New Zealand grew by 0.8%, while analysts predicted growth of 0.1%. The report showed that 10 out of 15 retail sectors recorded positive dynamics. Thus, the largest increase was noted in the categories of retail trade of cars and spare parts, pharmaceuticals, as well as clothing and footwear.

📰 Meanwhile, the American currency resumed its decline amid discussions of the consequences of Trump's tax reform, which could significantly increase the level of national debt. The day before, the US House of Representatives approved the bill by a margin of one vote - 215 votes were cast "for" and 214 - "against". Now the project will be submitted to the Senate, which is controlled by the Republican Party, for a vote.

📈 Given the above, the NZD/USD pair retains growth potential.

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💡 Holidays and dividends in the following week
📆 May 26 – May 31, 2025

Dear clients❗️

Please find below information on dividends, and holidays in the following week.

Due to national holidays, trading on the following instruments will be changed.

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