Geopolitics Alpha

New Zealand Dollar weakens as Middle East conflict elevates inflation risks

Published . Updated .

New Zealand Dollar weakens as Middle East conflict elevates inflation risks FXStreet

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • BA Boeing

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
GD+0.12%-1.46%—+1.14%+0.35%+0.99%+1.70%
TLT———————
IEF-0.55%-0.31%—+0.04%+0.16%+0.34%+1.06%
ITA+0.06%-1.47%—-0.28%-1.26%-1.17%+0.09%
BA+1.20%-1.13%—-0.50%-2.05%-3.08%-0.90%
LHX———————
HII+0.73%-1.48%—-0.20%-2.61%-0.05%+1.02%

New Zealand Dollar weakens as Middle East conflict elevates inflation risks FXStreet

Source: FXStreet

The price since 12 Oct 2026: United States Gasoline Fund (UGA) versus the S&P 500

Since the first closing price after “New Zealand Dollar weakens as Middle East conflict elevates inflation risks,” United States Gasoline Fund (UGA) is -1.70%. The S&P 500 fund (SPY) is -1.47% over the same days, a -0.23% difference versus the market.

CompanyWhenMoveStatus
BAthat day-0.50%final price
BAthe next day-2.05%final price
BAtwo days later-3.08%final price
BAthree days later-0.90%final price
BAthree days earlier-1.13%final price
BAfive days earlier+1.20%final price
GDthat day+1.14%final price
GDthe next day+0.35%final price
GDtwo days later+0.99%final price
GDthree days later+1.70%final price
GDthree days earlier-1.46%final price
GDfive days earlier+0.12%final price
HIIthat day-0.20%final price
HIIthe next day-2.61%final price
HIItwo days later-0.05%final price
HIIthree days later+1.02%final price
HIIthree days earlier-1.48%final price
HIIfive days earlier+0.73%final price
Ishares Tr (IEF)that day+0.04%final price
Ishares Tr (IEF)the next day+0.16%final price
Ishares Tr (IEF)two days later+0.34%final price
Ishares Tr (IEF)three days later+1.06%final price
Ishares Tr (IEF)three days earlier-0.31%final price
Ishares Tr (IEF)five days earlier-0.55%final price
ITAthat day-0.28%final price
ITAthe next day-1.26%final price
ITAtwo days later-1.17%final price
ITAthree days later+0.09%final price
ITAthree days earlier-1.47%final price
ITAfive days earlier+0.06%final price
UGA
SPY

Middle East on the map for this story

Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.”

Who gains and who pays if Middle East stays in the story

Companies carried with this story

  • UGA United States Gasoline Fund

    United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    In “New Zealand Dollar weakens as Middle East conflict elevates inflation risks,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XME Spdr Series Trust

    Spdr Series Trust (XME) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XLY Select Sector Spdr Tr

    In “New Zealand Dollar weakens as Middle East conflict elevates inflation risks,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IWM Ishares Tr

    Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “New Zealand Dollar weakens as Middle East conflict elevates inflation risks.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • HYG Ishares Tr

    In “New Zealand Dollar weakens as Middle East conflict elevates inflation risks,” Ishares Tr (HYG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

From Middle East to United States Gasoline Fund (UGA)

“New Zealand Dollar weakens as Middle East conflict elevates inflation risks” (12 Oct 2026) reaches United States Gasoline Fund (UGA) through Middle East.

What ties United States Gasoline Fund (UGA) to the headline is this: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Also listed, iShares S&P GSCI Commodity-Indexed Trust (GSG): Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Price levels for United States Gasoline Fund (UGA)

DBA traded between 27.85 and 28.86 across 20 sessions. The latest close on file is 28.19. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

A simple score for United States Gasoline Fund (UGA)

46 out of 100

“New Zealand Dollar weakens as Middle East conflict elevates inflation risks” scores 46 out of 100. The score uses 1 sources, and 20 linked companies.