The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY). Hopes that the … [Continue reading]
Fed’s Daly: If inflation stays elevated, we would hold steady
Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, told Reuters in an interview on Friday that if Iran conflict is resolved quickly and Oil prices come back down, a rate cut may not be out of the question.Key takeaways:If Iran … [Continue reading]
China: Growth risks skewed to upside in Q1 – Commerzbank
Commerzbank’s Dr. Henry Hao sees upside risks to China’s Q1 2026 GDP versus the bank’s 4.6% forecast, supported by resilient exports and front‑loaded public investment. Industrial production is projected to grow 5.5% year‑on‑year, while retail sales … [Continue reading]
Dow Jones Industrial Average gives back recent gains as ceasefire doubts resurface
The Dow Jones Industrial Average slumped around 300 points on Friday, or roughly 0.6%, retreating from the 48,000 handle after two sessions of ceasefire-fueled gains. The S&P 500 dipped 0.15% while the Nasdaq Composite bucked the trend, edging … [Continue reading]
United States Consumer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in March
Bitcoin, Ethereum and Ripple show signs of strength as they hold above key support levels, after gaining over 4.5%, 4% and 1.5% so far this week. BTC is testing the upper boundary of its consolidation range, while ETH and XRP continue to find … [Continue reading]
US CPI inflation set to reaccelerate in March amid higher energy prices from Iran war
The US Bureau of Labor Statistics (BLS) will publish the March Consumer Price Index (CPI) data on Friday. The report is expected to show a jump in inflation, driven by the upsurge seen in crude Oil prices after the United States (US) and Israel … [Continue reading]
Canadian Dollar declines as oil prices ease, US Dollar gains
USD/CAD gains ground after four days of losses, trading around 1.3820 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status as the largest crude … [Continue reading]
GBP/USD grinds higher but 1.3450 resistance refuses to budge
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. The pair touched 1.3480 earlier in the session before pulling back, and the … [Continue reading]
Asia FX: Geopolitics and cautious positioning – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East. He stresses that physical Oil flows through the … [Continue reading]
US: Labor data volatility clouds Fed path – Commerzbank
Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions. They argue this complicates … [Continue reading]