Mexico 12-Month Inflation below expectations (4.61%) in March: Actual (4.59%)
Mexico 12-Month Inflation below expectations (4.61%) in March: Actual (4.59%)
Mexico Core Inflation came in at 0.38% below forecasts (0.4%) in March
Deutsche Bank’s Sanjay Raja expects UK GDP to rebound by 0.2% m-o-m in February after a flat January, with balanced risks around the nowcast. The bank’s models also point to a possible upward revision to January.
ING’s Ewa Manthey and Warren Patterson say Gold remains highly sensitive to geopolitical developments around the US–Iran ceasefire and conflict in the Middle East.
The NZD/USD pair trades 0.2% higher to near 0.5835 during the European trading session on Thursday.
The US Dollar (USD) nudges higher against the Swiss Franc (CHF) on Thursday and consolidates above 0.7900 after bouncing from a low of 0.7870.
MUFG’s Head of Research Derek Halpenny highlights that Japanese investors, especially banks and life insurers, were heavy sellers of foreign bonds in February and March, likely including USTs and EGBs, with record two‑month net sales.
Commerzbank’s Tatha Ghose expects Poland’s NBP to keep rates on hold after the Iran-related energy shock derailed its easing cycle. With Oil prices unlikely to normalise quickly, emergency fiscal measures and distorted price signals keep policy in a reactive, geopolitical framework.
The Indian Rupee (INR) trades lower against the US Dollar (USD) in the opening trade on Thursday. The USD/INR pair rebounds to near 92.60 from the three-week low of 92.20 posted on Wednesday, following the announcement of a ceasefire between the United States (US) and Iran.
South Africa Manufacturing Production Index (YoY) dipped from previous -0.7% to -2.8% in February
The Japanese Yen (JPY) underperforms its major currency peers during the European trading session on Thursday, with the USD/JPY pair trading 0.3% higher to near 159.00.
The (EUR) is showing a mild bullish tone against the US Dollar (USD) heading into Thursday’s US session opening, trading in the 1.1680 area after bouncing from 1.1650 earlier on the day.