April hike expected after soft data – Danske Bank

April hike expected after soft data – Danske Bank

Danske Research Team notes softer Japanese data, with composite PMI slipping and core CPI falling below target for the first time in four years, largely due to fuel subsidies. Despite this, PMIs show rising input prices and a weak Japanese Yen. Danske Bank expects the next Bank of Japan rate hike in April, with markets […]

US Dollar Index holds gains near 99.50 due to Iran conflict uncertainty

US Dollar Index holds gains near 99.50 due to Iran conflict uncertainty

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, recovers its recent losses from the previous day and is trading around 99.40 during the early European hours on Tuesday. Traders remain focused on incoming economic data, with the flash S&P Global US Purchasing Managers’ Index (PMI) […]

Pound Sterling weakens as Middle East tensions escalate

Pound Sterling weakens as Middle East tensions escalate

The GBP/USD pair faces selling pressure after registering modest gains in the previous day, trading near 1.3400 during the Asian session on Tuesday. The risk-sensitive pair weakens amid rising risk aversion as US-aligned Gulf states move closer to direct involvement in the Iran conflict, with Saudi Arabia signaling a potential military shift, according to a […]