United States (US) President Donald Trump said that the US has been informed by most NATO allies that they don’t want to get involved with the military operation in Iran. He claimed that the US no longer needs or wants NATO countries' assistance in a Truth Social post on Tuesday.
UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya assess how higher global Oil and gas prices are shifting Thailand from a low-inflation backdrop into a cost-shock environment.
United States Monthly Budget Statement dipped from previous $-95B to $-308B in January
United States 52-Week Bill Auction rose from previous 3.345% to 3.485%
Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso.
United States API Weekly Crude Oil Stock registered at 6.6M above expectations (-0.6M) in March 13
New Zealand GDT Price Index declined to 0.1% from previous 5.7%
The US Dollar Index (DXY) eased around 0.20% on Tuesday, slipping back toward the 99.50–99.60 area after a failed attempt to recapture the psychologically significant 100.00 handle.
The USD/CHF pair falls during the North American session on Tuesday, depreciating by some 0.20% at the time of writing, trading near 0.7850, as traders brace for the Federal Reserve’s (Fed) monetary policy decision on Wednesday.
EUR/GBP trades around 0.8640 on Tuesday at the time of writing, virtually unchanged for the day, as investors remain on the sidelines ahead of the European Central Bank (ECB) and the Bank of England (BoE) monetary policy decisions due on Thursday.
United States 20-Year Bond Auction climbed from previous 4.664% to 4.817%
Scotiabank’s FX team highlights a modest Euro gain versus the Dollar, with EUR/USD supported after Monday’s bullish reversal. The pair is shrugging off weak German ZEW data as sentiment and elevated yield spreads underpin the Euro.
