Colombia Consumer Price Index (MoM) registered at 0.78% above expectations (0.69%) in March
Colombia Consumer Price Index (MoM) registered at 0.78% above expectations (0.69%) in March
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured.
New Zealand Business NZ PMI dipped from previous 55 to 53.2 in March
AUD/USD rose 0.56% on Thursday, extending its winning streak to four sessions as the ceasefire-driven risk rally continued to lift the Aussie Dollar.
USD/JPY rises and tests the 20-day Simple Moving Average (SMA) at 159.19 on Thursday, yet it retreated amid an improvement in risk appetite, a headwind to the safe-haven appeal of the US Dollar. At the time of writing, the pair trades at 158.99, up 0.28%.
The NZD/USD pair is trading muted near 0.5860 on Friday, after climbing for four straight days, hovering near recent highs as the US Dollar (USD) remains supported by a combination of geopolitical tensions and a cautious Federal Reserve outlook.
The EUR/USD pair edges higher by some 0.33% on Thursday as risk appetite improves, with Israel and Lebanon seeming ready to begin peace talks, even though hostilities continued. This weighed on the US Dollar (USD), which is on the back foot, down 0.18% according to the US Dollar Index (DXY).
DBS Group Research economist Radhika Rao highlights sharp swings in Indonesian assets, with the Rupiah, bonds and equities rebounding after recent losses.
Gold price (XAU/USD) resumed its rally on Thursday after Israeli Prime Minister Benjamin Netanyahu said that he is open to negotiations with Lebanon. This, along with broad US Dollar weakness, keeps the yellow metal underpinned, rising to challenge the $4,800 milestone.
BNY Strategist Geoff Yu highlights that CNY initially behaved like a secondary safe haven during the conflict, with strong performance and managed volatility, while flows showed an inverse relationship with CGB holdings.
The US Dollar Index (DXY) dropped to the 98.80 price region after the United States (US) Personal Consumption Expenditures (PCE) report confirmed that inflation remains sticky, reinforcing the Federal Reserve’s (Fed) cautious stance.
DBS Group Research economist Ma Tieying assesses Taiwan’s 2Q 2026 macro outlook, noting that the economy entered 2026 with strong growth and low inflation, supported by AI-related exports and easing US tariff pressures.