United States Initial Jobless Claims in line with forecasts (210K) in March 20
United States Initial Jobless Claims in line with forecasts (210K) in March 20
USD/CHF edges higher on safe-haven Dollar demand, SNB intervention threat
USD/CHF trades higher around 0.7930 on Thursday, up 0.15% on the day, as the US Dollar (USD) maintains a bullish tone amid heightened geopolitical uncertainty. The pair is supported by sustained demand for the Greenback, driven by fading hopes for a ceasefire between the United States (US) and Iran.
GBP: Resilience faces fiscal and growth risks – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the Pound (GBP) has been resilient since the Iran conflict, supported by a sharp hawkish shift in UK rate expectations.
ECB: Rate hike risks rise as inflation watched – Societe Generale
Societe Generale analysts comment on the latest Reuters European Central Bank (ECB) poll showing more economists now expect at least one rate increase this year, though a majority still see no move.
MXN: Banxico patience supports peso – Commerzbank
Commerzbank analysts Michael Pfister and Norman Liebke report that the Bank of Mexico (Banxico) is expected to leave rates unchanged, with markets no longer pricing cuts in the near term after the Iran conflict.
Brazil Mid-month Inflation above forecasts (0.29%) in March: Actual (0.44%)
Brazil Mid-month Inflation above forecasts (0.29%) in March: Actual (0.44%)
Reuters Poll: Fed to hold policy rate at 3.50%-3.75% until at least September
55 of 82 economists polled by Reuters think that the Federal Reserve (Fed) will keep the policy rate unchanged at the 3.5%-3.75% range at least until September.
USD/INR will likely open higher on Friday as Mideast optimism eases
The USD/INR pair is expected to open higher on Friday after a holiday in Indian markets on Thursday due to Ram Navami celebrations.
EUR/GBP: Upside risks seen as BoE reprices dovishly – ING
ING's Francesco Pesole focuses on Bank of England (BoE) communication, noting mixed but generally hawkish tones from Megan Greene and Sarah Breeden, while Alan Taylor remains dovish. He expects greater room for dovish repricing in the Pound curve under a de-escalation scenario.
USD/ZAR: Hawkish SARB test as flows reverse – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights growing pressure on the South African Rand as ZAR leads high‑yield EM outflows ahead of the SARB decision.
NZD/USD extends losses below 0.5800 as hopes of a US-Iran peace deal ebb
The New Zealand Dollar (NZD) heads south against the US Dollar (USD) for the third consecutive day, extending its reversal from last week's highs, a few pips short of 0.5900, to session lows at 0.5781 on Thursday’s European trading session.The risk-sensitive Kiwi has been hit by a sour market sentim
EUR: ECB signals forceful stance on energy shock – MUFG
MUFG’s Derek Halpenny highlights that the ECB is signalling a tougher reaction function to an energy-driven inflation shock, contrasting with past cycles.