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.
Argentina Industrial Output n.s.a (YoY) declined to -8.7% in February from previous -3.2%
West Texas Intermediate (WTI) Crude Oil reverses course on Thursday, erasing earlier gains as a fresh wave of optimism sweeps through global markets, easing concerns over the durability of the US-Iran ceasefire.
MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East.
ABN AMRO's Senior Economist Arjen van Dijkhuizen highlights that global manufacturing PMI slipped from 51.8 in February to 51.3 in March, largely linked to the Iran conflict.
United States 30-Year Bond Auction: 4.876% vs 4.871%
The Dow Jones Industrial Average (DJIA) climbed around 300 points on Thursday, or roughly 0.7%, extending a two-day rally that has seen the index recover sharply from its war-era lows.
