Commerzbank’s Volkmar Baur highlights Australia’s growing dependence on imported diesel, with around 87% of demand met by imports in 2025.
Commerzbank’s Volkmar Baur highlights Australia’s growing dependence on imported diesel, with around 87% of demand met by imports in 2025.
Societe Generale strategists note EUR/USD has squeezed through 1.1750 and is approaching its pre-conflict level of 1.18, with support at 1.1673 and resistance at 1.1830.
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Japanese Yen underperformed despite a softer US Dollar, as muted BoJ communication left it isolated. Markets have pared April BoJ hike expectations, yet OCBC still sees an April rate hike as likely.
The Euro (EUR) keeps trading sideways around 0.8700 against the British Pound GBP) on Tuesday.
EUR/CAD remains flat after registering little losses in the previous day, trading around 1.6220 during the European hours on Tuesday.
Spain 9-Month Letras Auction rose from previous 2.164% to 2.461%
Spain 3-Month Letras Auction increased to 2.111% from previous 1.964%
The Pound Sterling (GBP) outperforms the US Dollar (USD), while trading mixed against other currency peers, during the European trading session on Tuesday.
ING’s Frantisek Taborsky reports a strong post-election rally in Hungarian rates, especially at the long end, with FX appreciation slower than expected, suggesting heavy pre-election positioning.
European Central Bank (ECB) Governing Council member Olli Rehn said that the damage inflicted on energy production infrastructure in the Middle East could have lasting consequences, even after the most intense phase of the conflict ends.
Gold (XAU/USD) touches a fresh daily high during the first half of the European session on Tuesday, though it lacks follow-through and remains below the $4,800 mark.
EUR/JPY halts its three-day winning streak, inching lower after reaching all-time highs and trading around 187.40 during the European hours on Tuesday.