Middle East war lifts inflation risks, outlook unclear

Middle East war lifts inflation risks, outlook unclear

European Central Bank (ECB) Governing Council member Olli Rehn said that the damage inflicted on energy production infrastructure in the Middle East could have lasting consequences, even after the most intense phase of the conflict ends. According to him, efforts to repair and rebuild these facilities could continue long after the acute phase of the […]

Safe-haven puzzle and SNB signals – Commerzbank

Safe-haven puzzle and SNB signals – Commerzbank

Commerzbank’s Michael Pfister notes that despite the war-related volatility in G10 FX, the Swiss Franc (CHF) has been one of the weakest G10 currencies, even though it remains a key safe haven. He highlights limited actual safe-haven demand, verbal intervention by the Swiss National Bank (SNB) and possible FX purchases. Pfister also flags confusing EUR/CHF […]

Surplus shrinks sharply amid massive Import surges

Surplus shrinks sharply amid massive Import surges

China’s Trade Balance for March, in Chinese Yuan (CNY) terms, arrived at CNY354.75 billion, narrowing sharply from the previous figure of CNY1.5 trillion. Exports fell 0.7% year-over-year (YoY) in March from a 19.2% increase seen in January-February. The country’s imports jumped by a whopping 23.8% YoY in the same period vs. 17.1% recorded previously. In US Dollar (USD) […]