Russia Central Bank Reserves $ dipped from previous $803.2B to $776.8B
Russia Central Bank Reserves $ dipped from previous $803.2B to $776.8B
Norges Bank: Higher rate path supports stronger Krone – Nordea
Nordea's Chief economist Kjetil Olsen and Senior Macro and FX Strategist Sara Midtgaard note that the central bank of Norway, Norges Bank now signals a policy rate hike to 4.25% at an upcoming meeting, with the new path pointing to 4.25–4.50% by year-end.
USD/JPY: BoJ normalization expectations into April meeting – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading just below 160.00 as the Bank of Japan (BoJ) releases new underlying CPI indicators, which remain below the 2% target but are converging toward it.
GBP/JPY Price Analysis: Pound comes under pressure below 213.00
The Pound (GBP) is trading lower against the Japanese Yen (JPY) on Thursday, snapping a four-day positive streak.
US: Initial Jobless Claims rose to 210K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 210K for the week ending March 21.
United States Continuing Jobless Claims below forecasts (1.86M) in March 13: Actual (1.819M)
United States Continuing Jobless Claims below forecasts (1.86M) in March 13: Actual (1.819M)
United States Initial Jobless Claims 4-week average: 210.5K (March 20) vs previous 210.75K
United States Initial Jobless Claims 4-week average: 210.5K (March 20) vs previous 210.75K
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.