Rabobank’s Global Strategist Michael Every notes the Reserve Bank of Australia (RBA) minutes stress that it is not possible to predict the cash rate path with confidence given Middle East conflict uncertainty.
German Retail Sales, a key measure of consumer spending, declines again in February. The consumer spending measure contracts 0.6% Month-on-month (MoM), according to official data released by Destatis, while it was expected to have grown 0.2%.
The US Dollar (USD) appreciates for the seventh consecutive day against the Canadian Dollar (CAD) on Tuesday. The pair consolidates gains above 1.3920 at the time of writing, after hitting a fresh 2026 high, at 1.3945 on Monday.
Danske Bank analysts highlight that Japanese inflation is set to pick up on higher Oil prices and a weaker Japanese Yen (JPY), with markets already pricing a strong chance of an April Bank of Japan (BoJ) hike.
Commerzbank’s Michael Pfister argues that, despite a sharper repricing of European Central Bank (ECB) tightening versus the Fed since the latest energy shock, the Euro (EUR) still lags the Dollar (USD) in terms of real policy support.
United Kingdom Current Account came in at £-18.392B, above expectations (£-23.4B) in 4Q
United Kingdom Nationwide Housing Prices n.s.a (YoY) up to 2.2% in March from previous 1%
United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.9%, above expectations (0.6%) in March
United Kingdom Total Business Investment (YoY) meets forecasts (2%) in 4Q
United Kingdom Total Business Investment (QoQ) above expectations (-2.7%) in 4Q: Actual (-2.5%)
United Kingdom Gross Domestic Product (YoY) meets forecasts (1%) in 4Q
Germany Retail Sales (MoM) came in at -0.6% below forecasts (0.2%) in February
