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New Zealand NZIER Business Confidence (QoQ): -4% (1Q) vs previous 48%

China: Energy resilience under Hormuz shock – Commerzbank

Commerzbank’s Dr. Henry Hao argues China is better positioned than other Asian economies to withstand energy disruptions from Middle East tensions and Strait of Hormuz risks.
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AUD/USD pares Monday gap as markets downplay Iran escalation risk

AUD/USD slipped roughly 0.2% on Monday, trading near 0.7180 after opening the week with a downside gap close to 0.7115. The pair clawed back most of the early weakness through the session, though price remains below Friday's peak around 0.7220.
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