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fxJun 15, 2026, 8:34 PM

Peace Deal Sparks Risk-On Session, NZD Under Pressure

A framework peace agreement between Washington and Tehran triggered a risk-on session, with global equities rallying and crude oil falling sharply, while the New Zealand dollar weakened.

NZDUSDUSOIL

A framework peace deal between Washington and Tehran has been announced, aiming to end the war and reopen the Strait of Hormuz. The news sparked a textbook risk-on session on Monday, lifting global equities while crude oil prices tumbled.

Despite the broad risk appetite that typically supports commodity-linked currencies, the New Zealand dollar came under pressure. The currency appeared to pay the cost of the geopolitical detente, though the exact driver was not specified in the source.

Traders are now watching for further details on the agreement and its impact on energy markets and risk sentiment.

Source: FXStreet Forex News