News

India: Weak growth impulse and fiscal risks – Societe Generale

Societe Generale’s Kunal Kundu reviews India’s FY27 Union Budget, highlighting policy continuity and fiscal consolidation in a context of geopolitical strains and currency weakness.

Source  Fxstreet1772218379
China: Policy mix guides 2026 growth path – UOB

UOB’s Ho Woei Chen expects China’s National People’s Congress to set a 2026 real GDP growth target of 4.5–5.0%, with actual growth forecast at 4.7%.

Source  Fxstreet1772215628
Indonesia: Inflation seen higher on base effects – DBS

DBS Group Research expects Indonesia’s February inflation to rise to 4.1% year-on-year, driven by a low base and fading one-off stimulus in administered prices. While most components should stay subdued, elevated precious metal prices are seen lifting personal care costs.

Source  Fxstreet1772214415
UK: Data and surveys preview – Deutsche Bank

Deutsche Bank outlines a busy UK data calendar, expecting stronger Net Consumer Credit, a partial rebound in Mortgage Approvals to 64.5k, and unchanged PMI Manufacturing and Services at 52.0 and 53.9.

Source  Fxstreet1772210095
Turkey: Growth resilience and inflation risks – ING

ING’s Muhammet Mercan projects Turkey’s 4Q25 GDP growth at 3.9%, implying 3.8% for 2025, underpinned by domestic demand but with some quarterly loss of momentum.

Source  Fxstreet1772209418

Russia Industrial Output fell from previous 3.7% to -0.8% in December

Source  Fxstreet1772207991
Sweden: Gradual improvement with elevated unemployment – Nordea

Nordea’s Anna Westlund reports that Swedish employment has been rising since early 2025, with BAS and LFS data both showing a positive trend.

Source  Fxstreet1772207280

Colombia National Jobless Rate: 10.9% (January) vs 8%

Source  Fxstreet1772204475

United States Construction Spending (MoM) fell from previous 0.5% to -0.2% in November

Source  Fxstreet1772204464

United States Construction Spending (MoM) meets forecasts (0.3%) in December

Source  Fxstreet1772204435

United States Construction Spending (MoM): 0.3% (November) vs previous 0.5%

Source  Fxstreet1772204420

United States Chicago PMI came in at 57.7, above forecasts (52.8) in February

Source  Fxstreet1772203500
US: Jobs data and Fed timing – ING

ING’s James Knightley expects upcoming US ISM surveys to soften from January’s strength, reflecting weaker regional Federal Reserve signals.

Source  Fxstreet1772202324
AUD: Strong credit growth but policy view unchanged – BNY

BNY’s Head of Markets Macro Strategy Bob Savage notes Australia’s January financial aggregates show total credit up 0.5% month-on-month and 7.7% year-on-year, with housing and business credit both accelerating on an annual basis. Broad money growth has also picked up.

Source  Fxstreet1772201358
Canada GDP contracts 0.6% in Q4 vs. 0% expected

Canada's real Gross Domestic Product (GDP) contracted at an annualized rate of 0.6% (QoQ) in the fourth quarter, Statistics Canada reported on Friday. This print followed the 2.4% growth recorded in the previous quarter and came in below the market expectation of 0%.

Source  Fxstreet1772200361
US annual PPI inflation declines to 2.9% in January vs. 2.6% expected

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), declined to 2.9% on a yearly basis in January from 3% in December, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in above the market expectation of 2.6%.

Source  Fxstreet1772199582

United States Producer Price Index (YoY) came in at 2.9%, above forecasts (2.6%) in January

Source  Fxstreet1772199011

United States Producer Price Index ex Food & Energy (YoY) came in at 3.6%, above forecasts (3%) in January

Source  Fxstreet1772199006

United States Producer Price Index ex Food & Energy (MoM) above expectations (0.3%) in January: Actual (0.8%)

Source  Fxstreet1772199005

United States Producer Price Index (MoM) registered at 0.5% above expectations (0.3%) in January

Source  Fxstreet1772199002

Canada Gross Domestic Product (MoM) above expectations (0.1%) in December: Actual (0.2%)

Source  Fxstreet1772199002

Canada Gross Domestic Product Annualized below expectations (0%) in 4Q: Actual (-0.6%)

Source  Fxstreet1772199002

Canada Gross Domestic Product (QoQ) dipped from previous 0.6% to -0.2% in 4Q

Source  Fxstreet1772199001
UK: Labour setback in Gorton-Denton by-election – TD Securities

TD Securities’ Global Strategy Team notes a significant setback for Labour as the Green Party’s Hannah Spencer wins the Gorton-Denton by-election with over 40% of the vote, leaving Labour third.

Source  Fxstreet1772198760
Germany annual CPI inflation declines to 1.9% in February vs. 2% expected

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 1.9% on a yearly basis in February from 2.1% in January, Germany's Destatis reported in its flash estimate. This print came in below the market expectation of 2%.

Source  Fxstreet1772197584

Russia Central Bank Reserves $ down to $797.2B from previous $806.1B

Source  Fxstreet1772197240
USD/CAD: Range seen intact above 1.3600 – BBH

Brown Brothers Harriman's (BBH) Elias Haddad notes USD/CAD is directionless around 1.3675 ahead of Canada’s Q4 GDP release, with consensus expecting a modest contraction versus the Bank of Canada’s stall forecast.

Source  Fxstreet1772194486

Mexico Trade Balance s/a, $ fell from previous $-0.86B to $-1.248B in January

Source  Fxstreet1772193798

South Africa Trade Balance (in Rands) fell from previous 23.18B to 9.31B in January

Source  Fxstreet1772193684

Mexico Trade Balance, $ registered at $-6.481B, below expectations ($-2.2B) in January

Source  Fxstreet1772193604
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