Kevin Hassett, Director of the National Economic Council, told FOX Business on Friday that the Federal Reserve (Fed) outlook for having room to cut rates will be very solid. He also claimed the Hormuz Strait can be reopened within two months, saying they have backup plans to reopen it.
UBS economist Paul Donovan discusses how visible Oil prices at fuel stations interact with changing consumer behavior in major economies.
Scotiabank’s strategists Shaun Osborne and Eric Theoret note the Euro is extending consolidation around 1.17 after sentiment-driven gains linked to easing geopolitical concerns. They highlight constructive risk reversals, supportive yield spreads and reduced demand for downside protection.
United Overseas Bank’s (UOB) economists Quek Ser Leang and Lee Sue Ann see USD/JPY edging higher in the near term after rebounding from oversold levels, but expects gains to be limited below 159.60.
Rabobank's Head of Macro Strategy Elwin de Groot argues that Hungary’s parliamentary election could have supportive implications for the Euro if Viktor Orbán loses power.
OCBC strategists Sim Moh Siong and Christopher Wong note New Zealand Dollar (NZD) has rallied on hawkish Reserve Bank of New Zealand (RBNZ) rhetoric and easing Oil risks, but warns markets may be overpricing tightening.
ING economists expect National Bank of Poland (NBP) rates to stay unchanged after April’s decision to hold the reference rate at 3.75%.
GBP/JPY edges higher on Friday, extending gains for a fifth straight day as the Japanese Yen (JPY) remains on the defensive against most of the major peers. Elevated Oil prices continue to weigh on the Yen, given Japan’s status as a major net importer.
Danske Research Team underlines that Sunday’s Hungarian election could be crucial for European Union politics.
Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), climbed to 3.3% in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This print followed 2.4% in February and came in line with market expectations.
Statistics Canada reported on Friday that the Unemployment Rate held steady at 6.7% in March, coming short of what markets were expecting.
Commerzbank’s Michael Pfister and Norman Liebke note that Mexico’s latest inflation data and Banxico minutes support a dovish stance.
