New Zealand ANZ Commodity Price improves to 7.4% in Mar from 1.1%

Weak day for commodities overall Monday but Gold, that trades above the $1.6k last, despite the fact USD is also down across the board. Iron ore has also recovered from late March lows by the 38.2% Fibo retrace of 88/160 daily up leg at around $133 mark, last slightly above $138, dragging Aussie also higher ahead of RBA meeting in few minutes from now. US SP500 index also showed weakness closing at -0.45%, while US 10 year note yields kept pressing the 1.83% level on some risk-off move across the markets.