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.

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.

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.

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.

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.

Mexico Consumer Confidence dipped from previous 44.5 to 44.1 in March

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

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.

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.

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."

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

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.

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

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

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.

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

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

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

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

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

France Current Account dipped from previous €2.1B to €-1.8B in February

France Exports, EUR down to €52B in February from previous €53.4B

Here is what you need to know on Wednesday, April 8:

Commerzbank’s Michael Pfister notes that the tentative ceasefire between the US and Iran and the reopening of the Strait of Hormuz triggered a sharp textbook reaction, with Oil falling and the US Dollar weakening, pushing EUR/USD back towards 1.17.

Germany Factory Orders n.s.a. (YoY) declined to 3.5% in February from previous 3.7%

United Kingdom Halifax House Prices (MoM) came in at -0.5% below forecasts (0.1%) in March

Germany Factory Orders s.a. (MoM) came in at 0.9% below forecasts (2%) in February

Asian equity markets rallied on Wednesday, tracking US stock index futures, in reaction to the US-Iran ceasefire news, with Japan’s Nikkei 225 and South Korea’s Kospi rising over 5% intraday.

India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.25%)

India Reverse Repo Rate remains unchanged at 3.35%