United States Consumer Price Index (YoY) meets forecasts (3.3%) in March
United States Consumer Price Index (YoY) meets forecasts (3.3%) in March
Canada Net Change in Employment came in at 14.1K, below expectations (15K) in March
Canada Net Change in Employment came in at 14.1K, below expectations (15K) in March
Canada Unemployment Rate below forecasts (6.8%) in March: Actual (6.7%)
Canada Unemployment Rate below forecasts (6.8%) in March: Actual (6.7%)
Canada Participation Rate remains unchanged at 64.9% in March
Canada Participation Rate remains unchanged at 64.9% in March
India: Outlook stays subdued on external risks – Standard Chartered
Standard Chartered Bank economists Saurav Anand and Anubhuti Sahay highlight a sharp slowdown in India’s new investment announcements in March, heavily affected by the Middle East conflict and sector-specific issues in renewable electricity and chemicals.
EUR/JPY extends gains on Ukraine peace hopes, nears YTD highs at 186.88
The Euro (EUR) appreciates against its main peers on Friday, boosted by news reporting that Russia and Ukraine might be close to a peace deal. The EUR/JPY pair has extended its rally from mid-March lows at 182.00 to 186.50 so far, bringing the year-to-date high at 186.88 into focus.
CAD: Labour data expected to stay soft – TD Securities
TD Securities’ Global Strategy Team expects a muted rebound in Canadian labour markets, forecasting only 10k new jobs in March and an unemployment rate of 6.8%.
Brazil IPCA Inflation registered at 0.88% above expectations (0.77%) in March
Brazil IPCA Inflation registered at 0.88% above expectations (0.77%) in March
Mexico Industrial Output (YoY) came in at -1.3%, below expectations (-0.7%) in February
Mexico Industrial Output (YoY) came in at -1.3%, below expectations (-0.7%) in February
DXY: Shipping risk, inflation path and Fed easing – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global markets are cautious ahead of US-Iran ceasefire talks, with Brent, equities and bonds reacting while the Dollar stabilizes.
Oil: Physical tightness and supply shocks reshape pricing – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights extreme dislocation in Oil markets, with North Sea Forties Blend near $147/bbl and Dated Brent far above futures as Iran’s control of the Strait of Hormuz cuts flows to 8% of normal.
Pound Sterling rises on Russia-Ukraine peace optimism, US-Iran talks awaited
The Pound Sterling (GBP) trades higher against its major currency peers, except other European currencies, edging up to near 1.3444 against the US Dollar (USD) during the European trading session on Friday.