Mexico Trade Balance s/a, $ climbed from previous $-1.248B to $-1.09B in February
Mexico Trade Balance s/a, $ climbed from previous $-1.248B to $-1.09B in February
Mexico Jobless Rate meets forecasts (2.6%) in February
Mexico Trade Balance, $ came in at $-0.463B below forecasts ($1.2B) in February
Mexico Jobless Rate s.a up to 2.7% in February from previous 2.6%
MUFG’s Derek Halpenny notes that the US Dollar’s initial weakness after President Trump extended the pause in attacks on Iran’s energy assets has been short-lived, with DXY only slightly lower.
Deutsche Bank’s Sanjay Raja expects a relatively quiet UK data week, with focus on March DMP survey signals around the Iran conflict, inflation expectations, and hiring plans. He forecasts only marginal upside risk to Q4-25 GDP, with the ONS likely confirming 0.1% q-o-q growth.
European Central Bank (ECB) Governing Council member Madis Müller said in an interview with Econostream that the central bank might need to wait for the release of second-round inflation effects before making any monetary policy adjustment.
The US Dollar (USD) is outperforming its peers on Friday, including the safe-haven Yen (JPY).
India FX Reserves, USD: $698.35B (March 16) vs previous $709.76B
Commerzbank’s Jörg Krämer expects the ECB to react to war‑driven energy inflation with at most one additional rate hike. Inflation is projected to rise above 3% by summer before easing, while Eurozone growth is revised down to 0.6% in 2026.
Brown Brothers Harriman’s (BBH) Elias Haddad reports that Japanese officials are escalating verbal intervention as USD/JPY approaches 160.00, a potential line in the sand.
The Indian Rupee (INR) extends opening losses against the US Dollar (USD) in afternoon trading hours in India on Friday .