EU’s Oettinger: EU considering tariffs on the US over Iran sanctions

The European Commissioner for Budget and Human resources, Gunther Oettinger, reportedly said the European Union (EU) is considering tariffs on the US over Iran sanctions.

On Wednesday, Germany’s Chancellor Merkel said that the best way to address international concern about Iran’s role in the region and its ballistic missile programme is within the framework of the nuclear deal.

 

RBA: Next move likely to up in the cash rate - Westpac

David Goodman, Research Analyst at Westpac, notes that the May RBA minutes repeated the mantra that the likely “next move in the cash rate would be up
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AUD/USD eases from 3-day tops, surging US bond yields capping gains

   •  Aussie employment details help build on overnight strong up-move.    •  Resurgent US bond yields continue to keep a lid on additional gains. T
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