Can’t rule out rate hike in April
European Central Bank (ECB) Governing Council member Madis Müller said in an interview with in an interview in Tallinn, reported by Bloomberg during European trading hours on Tuesday, that there could be an interest rate hike by the central bank in the April policy meeting. Additional remarks It’s very hard to say what state we might be […]
EUR/CAD holds gains near 1.6000 as oil eases, Eurozone HICP eyed
EUR/CAD has recovered its recent losses from the previous trading day, hovering around 1.5990 during the European hours on Tuesday. The currency cross holds ground as the commodity-linked Canadian Dollar (CAD) struggles amid softer oil prices, which could be attributed to growing speculation that US President Donald Trump could end the Iran conflict, easing fears […]
EUR/USD snaps five-day losing streak as Trump mulls ending Iran war
The EUR/USD pair attracts bids after a five-day losing streak and edges higher to near 1.1475 during the Asian trading session on Tuesday. The major currency pair ticks up as the US Dollar (USD) edges down amid hopes of an end to the month-long war in the Middle East. As of writing, the US Dollar […]
Board agreed financial conditions need to be restrictive
The Reserve Bank of Australia (RBA) published the Minutes of its March monetary policy meeting this Tuesday, which showed that board members agreed that further tightening would likely be needed. Additional takeaways: The board agreed that financial conditions needed to be restrictive.Members agreed that further tightening would likely be needed, but differed on the timing.Oil […]
Weak output and energy shock weigh – Commerzbank
Commerzbank highlights that Thailand’s February manufacturing output was flat year-on-year, hurt by refinery maintenance and softer external demand linked to a strong Thai Baht (THB). Authorities have cut fuel subsidies and excise taxes as Oil prices surge, but fiscal space is constrained. The Office of Industrial Economics still projects modest 2026 output growth, subject to […]
Growth resilience but downside risks – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights that improving regional PMI momentum, South Korea’s WGBI inclusion and solid export data support growth across Asia-Pacific, but geopolitical uncertainty and higher Oil prices weigh on FX. The bank sees investors focused on risk reduction, with policy support cushioning equities while remaining negative for regional currencies […]
GBP/USD dives to 1.3180 as Middle East tensions lift the US Dollar
The British Pound collapses on Monday as Middle East escalations push the Greenback higher, while Oil prices extend their gains for the fourth consecutive trading day. At the time of writing, the GBP/USD trades at 1.3184, down by more than 0.50%. Sterling sinks as oil rises, Fed bets ease, UK outlook dims ahead Market mood […]
Dovish tone and long hold signalled – TD Securities
TD Securities analysts anticipate the Bank of Canada’s (BoC) March Summary of Deliberations will maintain a dovish tone, stressing excess supply and disinflation. They argue the BoC has ended its easing cycle and will hold the overnight rate at 2.25% through 2026, looking through higher headline inflation before hiking back toward neutral in early 2027. […]
USD/JPY pulls back to 159.50 amid rising intervention warnings
The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached on Monday, a level considered a line in the sand for Japanese authorities. Japan’s Top Currency Diplomat, Atsushi Mimura, observed earlier on Monday about rising speculative activity in currency markets and affirmed […]
Policy hints and intervention risk support Yen – Deutsche Bank
Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary. The Bank of Japan’s (BoJ) Summary of Opinions contained hawkish elements, including discussion of potentially accelerating rate hikes if Middle East tensions persist, supporting […]
