EUR/JPY trades subduedly around 183.00 ahead of flash Eurozone HICP data
The EUR/JPY pair trades with caution around 182.90 during the early European trading session on Tuesday.
Fed: Balance sheet focus and rate-cut path – BNY
BNY’s Americas Macro Strategist John Velis discusses how Federal Reserve (Fed) balance sheet reduction is moving up the agenda, with officials like Kevin Warsh and Stephen Miran favoring a smaller footprint achieved mainly via lower reserves.
US Dollar Index Price Forecast: Hovers around 100.50 near fresh 10-month highs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after five days of gains and hovering around 100.50 during the Asian hours on Tuesday.
France Producer Prices (MoM) meets expectations (-0.2%) in February
France Producer Prices (MoM) meets expectations (-0.2%) in February
France Consumer Spending (MoM) came in at -1.4% below forecasts (-0.2%) in February
France Consumer Spending (MoM) came in at -1.4% below forecasts (-0.2%) in February
France Consumer Price Index (EU norm) (YoY) in line with expectations (1.9%) in March
France Consumer Price Index (EU norm) (YoY) in line with expectations (1.9%) in March
AUD: RBA flags oil-driven inflation risks – Rabobank
Rabobank’s Global Strategist Michael Every notes the Reserve Bank of Australia (RBA) minutes stress that it is not possible to predict the cash rate path with confidence given Middle East conflict uncertainty.
German Retail Sales decline unexpectedly by 0.6% MoM vs. estimates of 0.2% growth
German Retail Sales, a key measure of consumer spending, declines again in February. The consumer spending measure contracts 0.6% Month-on-month (MoM), according to official data released by Destatis, while it was expected to have grown 0.2%.
USD/CAD hits fresh YTD highs past 1.3930 despite a softer US Dollar
The US Dollar (USD) appreciates for the seventh consecutive day against the Canadian Dollar (CAD) on Tuesday. The pair consolidates gains above 1.3920 at the time of writing, after hitting a fresh 2026 high, at 1.3945 on Monday.
JPY: BoJ hike risk rises with inflation – Danske Bank
Danske Bank analysts highlight that Japanese inflation is set to pick up on higher Oil prices and a weaker Japanese Yen (JPY), with markets already pricing a strong chance of an April Bank of Japan (BoJ) hike.
EUR: ECB still lags Fed on inflation response – Commerzbank
Commerzbank’s Michael Pfister argues that, despite a sharper repricing of European Central Bank (ECB) tightening versus the Fed since the latest energy shock, the Euro (EUR) still lags the Dollar (USD) in terms of real policy support.
United Kingdom Current Account came in at £-18.392B, above expectations (£-23.4B) in 4Q
United Kingdom Current Account came in at £-18.392B, above expectations (£-23.4B) in 4Q