BNY Strategist Geoff Yu highlights that CNY initially behaved like a secondary safe haven during the conflict, with strong performance and managed volatility, while flows showed an inverse relationship with CGB holdings.

US Treasury Secretary Scott Bessent has urged Congress to pass the CLARITY bill, warning that the long-term success of the GENIUS Act depends on establishing broader regulatory certainty for the digital asset market.

The US Dollar Index (DXY) dropped to the 98.80 price region after the United States (US) Personal Consumption Expenditures (PCE) report confirmed that inflation remains sticky, reinforcing the Federal Reserve’s (Fed) cautious stance.

DBS Group Research economist Ma Tieying assesses Taiwan’s 2Q 2026 macro outlook, noting that the economy entered 2026 with strong growth and low inflation, supported by AI-related exports and easing US tariff pressures.

Argentina Industrial Output n.s.a (YoY) declined to -8.7% in February from previous -3.2%

West Texas Intermediate (WTI) Crude Oil reverses course on Thursday, erasing earlier gains as a fresh wave of optimism sweeps through global markets, easing concerns over the durability of the US-Iran ceasefire.

MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East.

ABN AMRO's Senior Economist Arjen van Dijkhuizen highlights that global manufacturing PMI slipped from 51.8 in February to 51.3 in March, largely linked to the Iran conflict.

United States 30-Year Bond Auction: 4.876% vs 4.871%

The Dow Jones Industrial Average climbed around 300 points on Thursday, or roughly 0.7%, extending a two-day rally that has seen the index recover sharply from its war-era lows.

AUD/USD edges higher on Thursday, extending gains for a fourth straight day as hopes of de-escalation following the US–Iran ceasefire keep the US Dollar (USD) on the defensive, lending support to the Australian Dollar (AUD).

The USD/JPY pair trades firm near the 158.90 handle on April 9, as today’s United States (US) data, particularly the Personal Consumption Expenditures (PCE) report, reinforced the “higher-for-longer” narrative around Federal Reserve (Fed) policy.

USD/CAD has shed nearly a full percent since the start of the week, sliding from the 1.3965 area to trade near the 1.3800 handle on Thursday.

The GBP/USD advances past the 1.3400 figure as risk appetite deteriorates, as the Middle East conflict seems fragile, as Israel strikes Lebanon, and as they prolong its conflict with Hezbollah. At the time of writing, the pair trades at 1.3441, up 0.36%.

Israeli Prime Minister Benjamin Netanyahu announced Thursday that he has ordered the start of direct negotiations with Lebanon "as soon as possible," with talks expected to center on disarming Hezbollah and establishing a formal peace between the two nations.

United States 4-Week Bill Auction dipped from previous 3.62% to 3.56%

BNY Strategist Geoff Yu argues that European rate markets still discount too many hikes for the European Central Bank (ECB), Bank of England (BoE) and Swiss National Bank (SNB) despite an improvement in global risk sentiment following the U.S.–Iran ceasefire.

Zcash (ZEC), the privacy-oriented token, is trading lower at $312 at the time of writing on Thursday, weighed down by deteriorating sentiment across the crypto market due to an uneasy ceasefire between the United States (US) and Iran.

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar (USD) has stabilised after Iran said the ceasefire was violated, but still see scope for renewed weakness.

The Euro (EUR) trades on the front foot against the US Dollar (USD) on Thursday as the Greenback remains under pressure following the US-Iran ceasefire and hopes for de-escalation. At the time of writing, the pair is trading around 1.1676, extending gains for the fourth straight day.

Scotiabank strategists Shaun Osborne and Eric Theoret report that the Pound (GBP) is consolidating Wednesday’s strong rebound versus the US Dollar (USD), with domestic risk limited ahead of upcoming Bank of England (BoE) speeches and data.

United States EIA Natural Gas Storage Change above expectations (41B) in April 3: Actual (50B)

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Thursday that central banks should hike interest rates if inflation expectations threaten to de-anchor and ignite an inflation spiral, per Reuters.

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has fallen sharply on a stronger Chinese Yuan (CNY) fix and improved risk sentiment following the US-Iran ceasefire.

United States Wholesale Inventories above expectations (-0.2%) in February: Actual (0.8%)

Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions.

TD Securities’ Senior Commodity Strategist Daniel Ghali notes that Copper prices have almost fully retraced losses from the Iran war despite heavy fund liquidations and weakening risk assets.