Australian Dollar extends gains vs USD on Iran de-escalation hopes
The AUD/USD pair is seen building on the previous day’s recovery move from over a two-month low and gaining traction for the second consecutive day on Wednesday. The momentum lifts spot prices to a fresh weekly high, around the 0.6925-0.6930 region during the Asian session, and is fueled by hopes for de-escalation of Middle East […]
KRW: Policy easing under consideration
BNY’s Head of Markets Macro Strategy Bob Savage notes that the Bank of Korea (BoK) may consider policy easing as Middle East geopolitical shocks threaten domestic growth. Savage highlights that the new BoK governor is prioritizing market stability and signaling a relaxed stance toward South Korean Won (KRW) weakness. Simultaneously, South Korean President Lee Jae […]
Higher energy costs reshape outlook – Standard Chartered
Standard Chartered’s Senior Economist Tommy Wu revises Taiwan’s 2026 macro outlook as higher Oil and LNG prices from Middle East tensions lift import costs. The bank now sees CPI inflation at 2.1% instead of 1.5%, and trims GDP growth to 7.6% from 8.0%. CBC is expected to keep rates at 2.0%, with a conditional risk […]
Dow Jones surges over 500 points on hopes Iran war nears resolution
The Dow Jones Industrial Average jumped around 500 points, or roughly 1.0%, on Tuesday as investors staged a recovery attempt on the final trading day of March. The S&P 500 gained 1.5% and the Nasdaq Composite advanced 2%. All three major indexes have been under significant pressure in recent weeks, with the Nasdaq still in […]
Gold hovers below $4,600 as worst monthly drop since 2008 looms
Gold (XAU/USD) trades with an upside bias on Tuesday, on hopes of de-escalation in the Middle East conflict. However, price action remains trapped in a one-week-old trading range, reflecting indecision among traders amid mixed signals on geopolitical developments, a firm US Dollar (USD), and shifting expectations around Federal Reserve (Fed) monetary policy path. At the […]
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 […]
