Limited growth hit from conflict – UOB
UOB Global Economics & Markets Research, through Associate Economist Jester Koh, judges that Singapore’s GDP exposure to the Middle East conflict is modest under a short-lived shock scenario. Exports to key regional economies are about 2% of total exports, and UOB keeps its 2026 GDP growth forecast at 3.6%, while flagging potential secondary demand effects […]
Middle East war boosts Oil, NFP miss shakes US Dollar
The Middle East crisis has escalated into an all-out war after the US and Israel assassinated the Supreme Leader of Iran on February 28. Iran not only targeted Israel but also attacked United States (US) military bases around the Persian Gulf. The Strait of Hormuz has been blocked by Iranian forces, cutting off Asia’s primary […]
Wait-and-see stance after weak jobs – Commerzbank
Commerzbank Senior Economist Dr. Christoph Balz notes that US employment fell by 92,000 in February, far below expectations, with revisions also lowering prior months. He highlights possible distortions from a strike and cold weather. Balz expects the US Federal Reserve to keep interest rates unchanged at upcoming meetings as it waits for clearer labor market […]
Upside risks build on data and geopolitics – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that recent US labour data and escalating Middle East tensions are supporting the Dollar. Stabilising jobless claims and sharply lower Challenger layoffs precede a key payrolls release that could shift the Federal Reserve toward a more symmetric stance. A stronger-than-expected jobs report is seen as potentially […]
Japanese Yen underperforms as Iran conflict prompts BoJ policy uncertainty
The Japanese Yen (JPY) trades lower against its major currency peers, with the USD/JPY pair rising to near 157.75, in the late Asian trade on Friday. The Japanese currency is under pressure as market participants expect the Bank of Japan (BoJ) to hold interest rates steady for a prolonged period amid conflicts in the Middle […]
New Zealand Dollar gathers strength above 0.5900 ahead of US jobs data
The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday. Iran has retaliated by firing missiles and drones across the Gulf region, striking […]
US President Donald Trump says Iran wants talks but it’s 'too late’
US President Donald Trump said that Iranian officials reached out him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to completely destroy Iran. Source link
USD/MXN jumps above 17.70 as Middle East war spurs risk-off
The Mexican Peso (MXN) depreciates sharply on Thursday as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar (USD). Additionally, solid jobs data in the US decreased the chances that the Federal Reserve (Fed) might cut rates twice this year. At the time of writing, the USD/MXN pair […]
Rate cut repricing and inflation risks – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been one of the better performing G10 currencies recently, supported by reduced expectations for Bank of England easing. The bank no longer expects further BoE rate cuts this year, citing sticky UK inflation, higher gas prices and the UK’s sensitivity to energy costs, which […]
Growth, energy and cut risks – TD Securities
TD Securities analysts see the Bank of Canada balancing trade uncertainty, higher Oil prices and domestic demand. They say GDP must run above potential to avoid disinflationary risks and rate cuts, and that Q1 data will be pivotal. Energy-driven growth and inflation could help keep policy on hold, but consumer and fiscal trends remain more […]
