China Producer Price Index (YoY) came in at -0.9%, above expectations (-1.1%) in February

China Consumer Price Index (MoM) increased to 1% in February from previous 0.2%

China Consumer Price Index (YoY) came in at 1.3%, above forecasts (0.8%) in February

Israel's Defense Minister Israel Katz on Saturday warned the Lebanese government to disarm Hezbollah or "pay ‌a very ‌heavy price." 

US President Donald Trump said that the rise in oil prices is a "very small price to pay" for defeating Iran and to ensure world peace, the Telegraph reported on Sunday.

Japan Current Account n.s.a. came in at ¥941.6B, below expectations (¥960B) in January

Japan Trade Balance - BOP Basis increased to ¥3145B in January from previous ¥2697.1B

Japan Bank Lending (YoY) above forecasts (4.4%) in February: Actual (4.5%)

Japan Labor Cash Earnings (YoY) up to 3% in January from previous 2.4%

China Foreign Exchange Reserves (MoM) increased to $3428T in February from previous $3.428T

During an address broadcast by Iranian state TV, President Masoud Pezeshkian apologised to the neighbouring countries for attacks launched following US-Israel strikes but asserted that Tehran will not strike "unless they attack first".

China Foreign Exchange Reserves (MoM): $3.428T (January) vs $3.358T

Colombia Consumer Price Index (YoY) below forecasts (5.49%) in February: Actual (5.29%)

Colombia Consumer Price Index (MoM) below forecasts (1.27%) in February: Actual (1.08%)

ING economists Lynn Song and Min Joo Kang expect China’s February CPI inflation to pick up to 1.0% year-on-year, mainly due to Lunar New Year effects, while the impact of higher Oil prices should appear later.

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has traded higher as Iran-related geopolitical tensions support the Dollar. Beijing has been setting a stronger CNY fix, which has helped stabilise the Renminbi and partially offset broader Asian FX softness.

United Kingdom CFTC GBP NC Net Positions fell from previous £-57.1K to £-72.7K

United States CFTC S&P 500 NC Net Positions up to $-168.2K from previous $-193.5K

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.

Japan CFTC JPY NC Net Positions declined to ¥-16.6K from previous ¥11.5K

United States CFTC Gold NC Net Positions increased to $160.1K from previous $159.2K

United States CFTC Oil NC Net Positions: 172.2K vs previous 172.7K

Eurozone CFTC EUR NC Net Positions down to €136.5K from previous €156.9K

Australia CFTC AUD NC Net Positions rose from previous $52.6K to $67.8K

Australia CFTC AUD NC Net Positions up to $678K from previous $52.6K

United States Consumer Credit Change below expectations ($12B) in January: Actual ($8.05B)

BNY’s Head of Markets Macro Strategy Bob Savage notes a sharp divergence between CNY forwards and spot, suggesting hedge unwinding alongside asset outflows. CNY has outperformed peers, yet the bank questions its safe haven role as spot flows show large outflows tied to expatriation.

Beth Hammack, President of the Federal Reserve (Fed) Bank of Cleveland, said that inflation is too high, adding that inflationary pressures are broad-based at the the United States (US) Monetary Policy Forum in New York City on Friday.

OCBC strategists Sim Moh Siong and Christopher Wong report that USD/MYR is consolidating near recent highs after an early-week run-up, supported by broader USD strength and soggy risk sentiment. Geopolitical headlines around Iran and energy markets are seen as key drivers.

Argentina Industrial Output n.s.a (YoY) up to -3.2% in January from previous -3.9%