News

AUD: Resilience supports staying long – Societe Generale

Societe Generale’s Kit Juckes highlights the resilience of the Australian Dollar despite higher Oil prices and Australia’s heavy reliance on imported petroleum. He notes that speculative AUD longs have not been unwound and that AUD/USD has barely slipped since late February.

Source  Fxstreet1773142846
USD: Range retest as crude risk premium fades – BBH

Brown Brothers Harriman’s Elias Haddad notes that markets have sharply reduced the crude Oil war risk premium after comments from President Trump, triggering a pullback in the Dollar and a rally in global stocks and bonds.

Source  Fxstreet1773141544
ECB’s Simkus: Important to stay calm for next policy meeting, don't overreact

European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, commented on the bank’s monetary policy outlook in the face of the war in the Middle East.

Source  Fxstreet1773137467

Greece Industrial Production (YoY) rose from previous 3.9% to 5.3% in January

Source  Fxstreet1773136815

United States NFIB Business Optimism Index below expectations (99.7) in February: Actual (98.8)

Source  Fxstreet1773136801

Greece Consumer Price Index (YoY) up to 2.7% in February from previous 2.5%

Source  Fxstreet1773136791

Greece Consumer Price Index - Harmonized (YoY) increased to 3.1% in February from previous 2.9%

Source  Fxstreet1773136791

Spain 9-Month Letras Auction increased to 2.164% from previous 2.015%

Source  Fxstreet1773136615
RBA: Market weighs live March hike risk – TD Securities

TD Securities’ Senior Strategist Prashant Newnaha highlights that recent comments from RBA Deputy Governor Hauser sound hawkish and reinforce Governor Bullock’s message that the March Board meeting is live.

Source  Fxstreet1773136234

Spain 3-Month Letras Auction: 1.964% vs 1.939%

Source  Fxstreet1773136015
India: Growth risks from Iran shock – Societe Generale

Societe Generale’s Kunal Kundu assesses how the Iran crisis could affect India, stressing that growth risks outweigh inflation pressures. The report highlights India’s reliance on energy, trade and remittances, and notes rising logistics costs, fertiliser price risks and twin-deficit concerns.

Source  Fxstreet1773135071

South Africa Gross Domestic Product (QoQ) dipped from previous 0.5% to 0.4% in 4Q

Source  Fxstreet1773135050

South Africa Gross Domestic Product (YoY) down to 0.8% in 4Q from previous 2.1%

Source  Fxstreet1773135049

South Africa Gross Domestic Product (YoY): 0.4% (4Q) vs previous 2.1%

Source  Fxstreet1773135046

South Africa Gross Domestic Product (YoY) declined to 0.8% in 4Q from previous 2.1%

Source  Fxstreet1773135001
NOK: Inflation pressures challenge Norges Bank – Nordea

Nordea’s Kjetil Olsen notes that Norwegian core inflation remains at 3.0%, above Norges Bank’s projections and far from its 2% target, with unemployment lower than expected.

Source  Fxstreet1773134567

Italy Producer Price Index (MoM) rose from previous -0.7% to 1.5% in January

Source  Fxstreet1773133352

Italy Producer Price Index (YoY) dipped from previous -1.4% to -1.6% in January

Source  Fxstreet1773133350
Brent: Volatile spike and policy response – Commerzbank

Commerzbank analysts describe a dramatic surge in Brent oil toward USD120 before prices eased after President Trump signalled the Iran war could be resolved soon.

Source  Fxstreet1773132585
Germany: Exports slump challenge recovery hopes – ING

ING’s Carsten Brzeski notes that German exports and imports fell sharply in January, undermining earlier optimism about Germany’s 2026 growth outlook.

Source  Fxstreet1773131635
ECB: Market questions zero-tolerance stance – Commerzbank

Commerzbank’s Christoph Rieger notes that markets have sharply repriced ECB expectations after the recent oil-driven sell-off, now discounting a more aggressive, zero-tolerance stance on inflation and higher year-end rates.

Source  Fxstreet1773130597

Austria Industrial Production (YoY) climbed from previous -3.3% to 0.3% in January

Source  Fxstreet1773129657

France Exports, EUR: €53.4B (January) vs €53.1B

Source  Fxstreet1773128701

France Current Account increased to €2.1B in January from previous €-0.6B

Source  Fxstreet1773128701

France Imports, EUR fell from previous €57.9B to €55.3B in January

Source  Fxstreet1773128701

France Trade Balance EUR above forecasts (€-4.6B) in January: Actual (€-1.8B)

Source  Fxstreet1773128701
Brent: Volatility eases after Trump comments – Deutsche Bank

Deutsche Bank’s Jim Reid and his team describe an extreme reversal in Brent Oil, with prices falling from an intraday high near $120 to around $90.

Source  Fxstreet1773128494
JPY: June hike prospects support currency – ING

ING's Senior Economist Min Joo Kang argues that stronger Japan GDP data and resilient private spending support continued Bank of Japan (BoJ) policy normalisation, with a rate hike more likely in June than April.

Source  Fxstreet1773126583
India: Tariff reset and sector winners – DBS

DBS Group Research’s Radhika Rao explains that the US and India have agreed a trade deal cutting reciprocal tariffs to 18%, with the final rate contingent on India continuing to reduce Oil imports from Russia.

Source  Fxstreet1773126086

Sweden Industrial Production Value (MoM) dipped from previous 5.1% to -5.7% in January

Source  Fxstreet1773126083
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