News

Singapore: Energy buffers seen limiting near‑term risks – MUFG

MUFG’s Senior Currency Analyst Lloyd Chan argues Singapore’s energy system and fiscal strength materially limit near‑term tail risks from Middle East tensions.

Source  Fxstreet1775677740
Forex Today: FOMC Minutes reinforce 'higher-for-longer' as markets digest the ceasefire

The US Dollar Index (DXY) holds firm near 99.10, supported by safe-haven demand late in the American session with expectations that the Federal Reserve (Fed) will remain cautious on easing.

Source  Fxstreet1775675698
US: Demand still dominant but moderating – BNP Paribas

BNP Paribas analysts assess that in the United States (USD), demand remains the main driver of inflation, though its contribution has eased from post‑Covid peaks.

Source  Fxstreet1775675220
Fed: Later cuts as inflation re-firms – Wells Fargo

Wells Fargo economists now expect the Federal Reserve (Fed) to delay easing in response to higher Oil prices and stickier inflation.

Source  Fxstreet1775671292

United States 10-Year Note Auction climbed from previous 4.217% to 4.282%

Source  Fxstreet1775667785
Hungary: Inflation set to reaccelerate – ING

ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation in March 2026 surprised on the downside versus expectations but remained above February’s decade low.

Source  Fxstreet1775666452
Brent: Elevated prices after ceasefire relief – Commerzbank

Commerzbank’s Thu Lan Nguyen notes that Brent prices dropped by USD 15 on news of a two‑week U.S.–Iran ceasefire and reopening of the Strait of Hormuz, but still trade near USD 95, well above pre‑war levels.

Source  Fxstreet1775660445
Eurozone: Weak demand offsets supply constraints – BNP Paribas

BNP Paribas analysts argue that weaker demand in the Eurozone compared to 2022 is helping to contain inflation, even as supply constraints remain above historical averages.

Source  Fxstreet1775659778
RBI: Cautious hold as conflict clouds outlook – BNY

BNY's Head of Markets Macro Strategy Bob Savage highlights that the Reserve Bank of India (RBI) left its policy rate at 5.25% with a neutral stance, citing uncertainty from the West Asia conflict.

Source  Fxstreet1775659259
Canada: Tariff shock lessons shape policy – RBC

Royal Bank of Canada (RBC) analysts review how Canada has weathered one year of U.S. tariff shocks. They note that Canada’s Gross Domestic Product (GDP) and unemployment held up, but sectoral and regional damage was significant.

Source  Fxstreet1775656991
Fed Minutes to offer insights into March hold decision amid hawkish outlook

The Federal Reserve (Fed) will publish its Minutes from the March 18 meeting on Wednesday. The release should be less about the decision itself and more about the officials’ “no rush to cut” narrative.

Source  Fxstreet1775654100
Copper: From laggard to potential outperformer – Commerzbank

Commerzbank’s Thu Lan Nguyen notes Copper has turned into a top performer after being one of the weakest metals, pressured by rising LME stocks and mixed supply news.

Source  Fxstreet1775653561
Iran's IRGC: Will manage Strait of Hormuz proactively

Iran's Islamic Revolutionary Guard Corps (IRGC) stated on Wednesday that Iran will manage the Strait of Hormuz proactively and control it intelligently, while warning of a stronger response to any renewed attacks from the United States (US) or Israel, per Reuters.

Source  Fxstreet1775653033
RBNZ: Hold at 2.25% with tightening bias – BNY

BNY's Head of Markets Macro Strategy Bob Savage at notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.25% as the Middle East conflict altered the outlook, lifting near‑term inflation risks while weighing on growth.

Source  Fxstreet1775652096
USD/BRL: Targets 5.55 by end-2026 – Rabobank

Rabobank economists Mauricio Une and Renan Alves note that the Dollar (USD) closed last week at 5.1573, with the Brazilian Real (BRL) appreciating 1.6% over the week, ranking among the top emerging-market performers.

Source  Fxstreet1775651742

Mexico Consumer Confidence dipped from previous 44.5 to 44.1 in March

Source  Fxstreet1775649664

Mexico Consumer Confidence s.a: 44.1 (March) vs previous 44.4

Source  Fxstreet1775649624
UK: PMI inflation surge clouds outlook – MUFG

MUFG’s Head of Research Derek Halpenny underlines that United Kingdom (UK) PMI Services and Composite data show a larger downturn than in Europe, with a record jump in input prices driven by energy concerns.

Source  Fxstreet1775649248
EUR: Supported with firmer data and ceasefire – BNY

BNY's Head of Markets Macro Strategy Bob Savage notes Eurozone producer prices fell on energy weakness while ex‑energy pressures stayed positive, and retail sales showed modest annual growth despite monthly softness.

Source  Fxstreet1775648389
US President Trump: Talking tariff and sanctions relief with Iran

United States (US) President Donald Trump said on Truth Social on Wednesday that the US will work closely with Iran through a "very productive regime change."

Source  Fxstreet1775648294

United States MBA Mortgage Applications up to -0.8% in April 3 from previous -10.4%

Source  Fxstreet1775646001
India: RBI seen on prolonged hold – UOB

UOB’s Jester Koh notes that the Reserve Bank of India (RBI) kept the policy repo rate at 5.25% in April 2026 and retained a neutral stance.

Source  Fxstreet1775639219

United Kingdom S&P Global Construction PMI above forecasts (43.9) in March: Actual (45.6)

Source  Fxstreet1775637001

Switzerland Unemployment Rate s.a (MoM) remains unchanged at 3% in March

Source  Fxstreet1775631671
Oil: Prices slide on fragile ceasefire and flow risks – Danske Bank

Danske Research Team reports that Brent crude fell as low as USD 92 per barrel after the US-Iran ceasefire, with Oil dropping below USD 100 as risk sentiment improved.

Source  Fxstreet1775631105

France Imports, EUR rose from previous €55.3B to €57.791B in February

Source  Fxstreet1775630788

France Exports, EUR declined to €52.013B in February from previous €53.4B

Source  Fxstreet1775630774

France Trade Balance EUR below expectations (€-2.3B) in February: Actual (€-5.778B)

Source  Fxstreet1775630761

France Imports, EUR increased to €57.8B in February from previous €55.3B

Source  Fxstreet1775630704

France Trade Balance EUR came in at €-5.8B below forecasts (€-2.3B) in February

Source  Fxstreet1775630702
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