European Central Bank (ECB) policymaker and Bundesbank chief Joachim Nagel said during European trading hours on Thursday that an interest rate hike in the April policy meeting is certainly an option.
DBS Group Research’s Philip Wee notes that Brent remains capped below $100 as markets reassess Iran conflict risks and shift focus toward a potential diplomatic off-ramp.
Asian stock markets face profit-booking on Thursday after rallying in the last two-three trading days.
Commerzbank economists Dr. Henry Hao and Moses Lim note AUD/USD slipped to 0.6950 as Australia faces a stagflationary dilemma. Pre-war core inflation held at 3.3% while a Middle East energy shock could push prices higher.
The GBP/USD pair trades in a tight range around 1.3360 during the early European trading session on Thursday. The Cable consolidates as investors await clarity on whether Iran intends to pursue a ceasefire, as claimed several times by United States (US) President Donald Trump.
AUD/JPY moves sideways after three days of losses, trading around 110.90 during the Asian hours on Thursday.
Netherlands, The Gross Domestic Product n.s.a (YoY) meets forecasts (1.8%) in 4Q
The EUR/USD pair trades slightly higher around 1.1570 during the late Asian trading session on Thursday.
West Texas Intermediate (WTI) Crude Oil prices stick to a positive bias for the second consecutive day on Thursday, though the intraday uptick lacks bullish conviction.
Singapore Industrial Production (YoY) declined to -0.1% in February from previous 16.6%
Singapore Industrial Production (MoM) fell from previous 5.3% to -7.2% in February
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, inches lower after two days of gains and is trading around 99.60 during the Asian hours on Thursday.
