The Aussie Dollar (AUD) is trimming losses against the US Dollar (USD) on Monday. The pair bounced from two-month lows around 0.6840 but is struggling to rise above 0.6870, as negative market sentiment keeps weighing on any significant Aussie recovery.
The Indian Rupee (INR) surrenders its early gains against the US Dollar (USD) on Monday, which were driven by the Reserve Bank of India’s (RBI) introduction of new limits on banks’ foreign-exchange exposure. The USD/INR pair has reclaimed its all-time high at 95.45 after a weak opening around 94.00.
Here is what you need to know on Monday, March 30:
Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary.
Turkey Economic Confidence Index: 97.9 (February) vs previous 100.7
Austria Producer Price Index (MoM) remains at 0.1% in February
Austria Producer Price Index (YoY): -1.4% (February)
USD/CHF continues its winning streak for the fifth successive day, trading around a two-month high of 0.8000 during the early European hours on Monday.
The NZD/USD pair claws back its early losses and flattens around 0.5745 during the early European trading session on Monday. The Kiwi pair bounces back from its over two-month low of 0.5725, the lowest low seen in over two months.
Spain Retail Sales (YoY) came in at 2.2%, below expectations (3.8%) in February
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem argue that Brent now faces a higher-for-longer regime as the US–Israel–Iran confrontation delays the reopening of the Strait of Hormuz into April.
Underlying inflation must be judged comprehensively by examining a wide range of information on economic activity and prices from multiple perspectives.
