Federal Reserve (Fed) Governor Michael Barr said on Thursday that the economy has remained resilient through a series of shocks, but those have complicated the central bank reaching its 2% inflation goal.
Federal Reserve (Fed) Governor Stephen Miran said on Thursday that shrinking the size of the balance sheet allows for easier interest rate policy. Those who think that the Fed balance sheet can’t shrink ‘simply lack imagination’, Miran added further.
GBP/USD slipped about 0.1% on Thursday, settling around 1.3340 in a choppy session.
United Kingdom GfK Consumer Confidence above expectations (-24) in March: Actual (-21)
OCBC strategists Sim Moh Siong and Christopher Wong observes that Asian FX has shown tentative stabilization after a multi-week sell-off linked to the Iran conflict, but characterizes the move as consolidation.
USD/JPY edged up about 0.1% on Thursday, trading around 159.70 and holding just below the session high near 159.85. The pair has rallied sharply from the early-March lows close to 152.10, gaining roughly 770 pips in under three weeks.
Ireland Consumer Confidence dipped from previous 65.2 to 56.7 in March
DBS Group Research economist Radhika Rao discusses how the Philippines’ declaration of a national energy emergency in response to Middle East supply risks could affect inflation, growth and the Philippines Peso (PHP).
The GBP/JPY consolidates around 213.00 for the second straight day, losses 0.09%, snapping a four-day streak of consecutive gains as traders clash with key resistance at the March 11 peak at 213.31.
UOB’s Senior Economist Alvin Liew reviews Singapore’s latest industrial production data and maintains the 2026 GDP growth forecast at 3.6%, with 2027 at 2.0%. The bank highlights broad-based weakness in February IP, despite continued AI-related support for electronics.
Geoff Yu at BNY notes that North Asian economies face supply-related risks to their balance of payments despite ample energy reserves.
New Zealand ANZ – Roy Morgan Consumer Confidence dipped from previous 100.1 to 91.3 in March
