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Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04%

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Japan Adjusted Merchandise Trade Balance: ¥-374.2B (February) vs previous ¥455.5B

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Japan Merchandise Trade Balance Total above expectations (¥-483.2B) in February: Actual (¥57.3B)

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Japan Exports (YoY) came in at 4.2%, above expectations (1.6%) in February

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Japan Imports (YoY) came in at 10.2%, below expectations (11.5%) in February

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Russia expands military cooperation with Iran — WSJ

Russia has been expanding its ‌intelligence sharing and military cooperation with Iran, providing satellite imagery and improved drone technology to aid Tehran’s targeting of US forces in the ‌region, the Wall Street Journal reported on Tuesday.

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New Zealand Westpac Consumer Survey up to 94.7 in 4Q from previous 90.9

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BoT: Rate on hold as Oil shock unfolds – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya expect Bank of Thailand to keep the BoT 1-D Repo Rate at 1.00% through at least 1Q27, despite higher headline inflation from the Oil shock.

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New Zealand Current Account - GDP Ratio dipped from previous -3.5% to -3.7% in 4Q

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New Zealand Current Account (QoQ) below forecasts ($-4.75B) in 4Q: Actual ($-5.98B)

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USD/THB: Overbought but still upside risks – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note USD/THB has risen over 4% month‑to‑date as markets scaled back expectations for near‑term Fed easing and Oil prices surged, hurting Thailand’s terms of trade.

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China: Fiscal support seen offsetting Oil shock – TD Securities

TD Securities highlights that China’s economy started 2026 on a positive note, led by a rebound in fixed-asset investment driven by quasi-fiscal policy.

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United States Monthly Budget Statement dipped from previous $-95B to $-308B in January

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Thailand: Oil shock lifts inflation risk – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya assess how higher global Oil and gas prices are shifting Thailand from a low-inflation backdrop into a cost-shock environment.

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LatAm: Peso seen outperforming real – Commerzbank

Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso.

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United States 20-Year Bond Auction climbed from previous 4.664% to 4.817%

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TRY: High energy sensitivity and policy pressure – BNP Paribas

BNP Paribas underlines Türkiye’s acute sensitivity to higher energy prices and exchange rate moves. The report notes a large energy deficit, strong exchange rate pass‑through and a sharp rise in local yields, as markets price faster monetary tightening.

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Canada: Strong wealth boost with record net worth – NBC

National Bank of Canada (NBC) analyst Matthieu Arseneau highlights that Canadian households saw net worth rise 5.8% in 2025, reaching a record high, as financial assets outpaced modest credit growth. The S&P/TSX delivered a 31.7% total return, aided by higher Gold prices.

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US President Trump: We no longer "need" or desire NATO countries' assistance

United States (US) President Donald Trump said that the US has been informed by most NATO allies that they don’t want to get involved with the military operation in Iran. He claimed that the US no longer needs or wants NATO countries' assistance in a Truth Social post on Tuesday.

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United States 52-Week Bill Auction rose from previous 3.345% to 3.485%

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New Zealand GDT Price Index declined to 0.1% from previous 5.7%

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AUD: Positive terms of trade offsets geopolitical risk – TD Securities

TD Securities strategists Prashant Newnaha and Alex Loo maintain a constructive stance on the Australian Dollar (AUD) despite the Reserve Bank of Australia's (RBA) close 5-4 vote. A positive terms of trade shock and increased hedging by Australian pension funds underpin AUD outperformance in G10.

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United States Pending Home Sales (YoY) fell from previous -0.4% to -0.8% in February

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United States Pending Home Sales (MoM) above expectations (-0.5%) in February: Actual (1.8%)

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Euro area: German fiscal push reshapes growth outlook – Societe Generale

Societe Generale economists assess how the reformed German debt brake and approved 2025–2026 budgets will lift German fiscal spending and affect the Euro area.

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Emerging markets: Energy shock risks and buffers – BNP Paribas

BNP Paribas argues emerging economies face a renewed stagflationary energy shock, but are not generally more vulnerable than in 2022. The bank highlights limited exchange rate depreciation, existing price-mitigation schemes, and stronger reserves.

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ADP Employment Change 4-week average eases to 9K

Private-sector hiring in the US appears to have lost a bit of momentum toward the end of February. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of just 9K jobs per week in the four weeks through February 28.

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Canada: Growth risks from energy shock – Rabobank

Rabobank Strategist Molly Schwartz and Christian Lawrence note that Canadian GDP contracted 0.6% quarter‑over‑quarter in Q4 2025 but still rose 0.7% year‑over‑year, with weakness driven by inventory drawdowns.

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United States Redbook Index (YoY): 6.4% (March 13) vs 6.2%

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US: Diesel prices have surged above $5 – BNY

BNY’s Head of Markets Macro Strategy Bob Savage highlights U.S. diesel prices breaking above $5 per gallon for the first time since 2022, warning of pass‑through to transport and broader inflation and potential political risks into the U.S. midterms.

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