United States Current Account above expectations ($-211B) in 4Q: Actual ($-190.7B)
United States Current Account above expectations ($-211B) in 4Q: Actual ($-190.7B)
United States Export Price Index (MoM) registered at 1.5% above expectations (0.5%) in February
United States Export Price Index (MoM) registered at 1.5% above expectations (0.5%) in February
United States Import Price Index (MoM) above expectations (0.5%) in February: Actual (1.3%)
United States Import Price Index (MoM) above expectations (0.5%) in February: Actual (1.3%)
USD/JPY: Japanese data improve as Yen stays soft – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights stronger Japanese activity data, with the Economic Trend Index and machine tool orders pointing to a bottoming-out in growth.
BoC: Dovish stance versus market pricing – TD Securities
TD Securities strategist Andrew Kelvin notes that the Bank of Canada (BoC) is stressing downside risks to growth and appears willing to look through an energy-driven inflation shock.
Gold: Recovery helped by softer Dollar – ING
ING strategists Ewa Manthey and Warren Patterson report Gold has extended gains above $4,600 as it rebounds from a nine‑day losing streak.
EUR/GBP dips slightly as inflation risks rise in Eurozone, UK data stays mixed
EUR/GBP trades around 0.8650 on Wednesday, slightly lower on the day, as investors weigh rising inflation risks in the Eurozone against mixed macroeconomic signals from the United Kingdom (UK) and Germany.
ECB: Divergent energy shock response scenarios – Nomura
Nomura analysts note that markets currently price around three rate hikes for the European Central Bank (ECB) by December 2026, implying a similar response to the Iran war energy shock as the Bank of England (BoE).
Germany: Recovery prospects delayed – Deutsche Bank
Deutsche Bank economist Marc Schattenberg notes that the ifo Business Climate Index deteriorated in March as German businesses turned more pessimistic on expectations, while their assessment of current conditions was unchanged.
India M3 Money Supply dipped from previous 11.5% to 10.7% in March 2
India M3 Money Supply dipped from previous 11.5% to 10.7% in March 2
INR: Oil shock and outflows weigh on Rupee – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note India's flash March PMIs point to growth moderation rather than a sharp slowdown, as manufacturing softens but external demand stays resilient.
USD: Range support holds as conflict persists – ING
ING’s Chris Turner argues it is premature to expect a sustained Dollar sell-off as Middle East tensions keep energy prices elevated and support safe-haven demand.