New Zealand Manufacturing Sales declined to -0.5% in 4Q from previous 1.1%

Commerzbank’s Moses Lim notes that higher Oil prices and heavy reliance on Middle Eastern crude have kept KRW volatile, with USD/KRW trading between 1,420 and 1,500 and the won down year-to-date.

ABN AMRO analysts argue China is exposed to Iran-related Oil and LNG disruptions but cushioned by large reserves, diversified imports and rising renewables.

Tatha Ghose at Commerzbank highlights rising political uncertainty in Poland, including potential vetoes of defence-related EU funding legislation and a hard-right opposition candidate for 2027.

ABN AMRO economists see the Dutch economy broadly mirroring Eurozone dynamics under Iran conflict scenarios, with transmission mainly via higher inflation rather than deep growth damage.

United States 10-Year Note Auction increased to 4.217% from previous 4.177%

Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise.

Isabel Schanbel, member of the executive board of the European Central Bank (ECB), said that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks in a speech at the Frankfurt School of Finance and Management Centre for Central Banking in

French President Emannuel Macron said that they will engage with several countries to limit measures to restrict exports, adding that there's obviously a need for a definition of military and political objectives in the war in Iran at a G7 leaders' video conference on Wednesday.

Commerzbank’s Tatha Ghose says Hungarian inflation has fallen back within target on core measures, validating the MNB’s earlier rate cut and dovish pivot.

ING strategists Michiel Tukker and Benjamin Schroeder say Euro rates remain highly sensitive to energy dynamics, with European Central Bank hikes still priced for 2026.

RBC Economics notes Canada’s Oil and gas sector is smaller than a decade ago but still important for GDP and exports. Higher Oil prices lift corporate profits and royalties but squeeze household purchasing power.

OCBC strategists Christopher Wong and Sim Moh Siong note the Australian Dollar outperformed as global risk sentiment improved and the Reserve Bank of Australia turned more hawkish. OIS pricing now assigns a higher probability to a March rate hike, though OCBC still expects the next move in May.

TD Securities’ Oscar Munoz and colleagues note that February US CPI matched expectations, with core inflation easing and supercore moderating after January’s tariff-driven spike.

United States (US) President Donald Trump said that the war with Iran will end soon because there is practically nothing left to target in a brief phone call with Axion on Wednesday.

MUFG’s Head of Research Derek Halpenny highlighted the US Dollar has strengthened less than regression models implied given the initial 50% surge in crude, with EUR/USD down only 1.7% after Oil retraced.

Commerzbank’s Senior Economist Dr. Christoph Balz notes that US CPI data for February show moderate inflation, but stresses that the Federal Reserve is more focused on the PCE deflator and the impact of higher energy prices following the war with Iran.

BNY’s Head of Markets Macro Strategy Bob Savage reports a synchronized selloff in EM sovereign debt as risk aversion rises with the Iran conflict. EM fixed income is seeing widespread net selling, while U.S. Treasuries, Bunds and other high-quality G10 assets benefit.

ING economists Bert Colijn and Marcel Klok note that recent data show the Dutch economy entering 2026 with solid momentum, supported by stronger-than-expected GDP figures and resilient labour markets.

United States Consumer Price Index Core s.a up to 333.51 in February from previous 332.79

United States Consumer Price Index ex Food & Energy (MoM) meets expectations (0.2%) in February

United States Consumer Price Index ex Food & Energy (YoY) in line with forecasts (2.5%) in February

United States Consumer Price Index n.s.a (MoM) in line with forecasts (326.79) in February

United States Consumer Price Index (MoM) in line with forecasts (0.3%) in February

United States Consumer Price Index (YoY) meets forecasts (2.4%) in February

ABN AMRO economists assess how Iran-driven energy shocks could alter Federal Reserve policy and thus the US Dollar.

Nomura’s Global Markets Research team revises its Euro area HICP projections higher on updated Oil and gas assumptions. The bank now sees HICP at 2.7% in 2026 and 2.2% in 2027, with inflation above target in early 2026.

India M3 Money Supply climbed from previous 10.9% to 11.5% in February 16

TD Securities’ Global Strategy Team highlights that recent geopolitical tensions and a weaker 3-year auction pushed US rates higher, with attention now turning to February CPI.

ING’s Francesco Pesole notes the Dollar remains closely tied to Oil volatility, with recent Brent swings driven by conflicting headlines on Middle East tensions and a potential record IEA reserve release.