Iran’s Foreign Ministry spokesperson Esmail Baghaei delivered several statements on Monday reported by Reuters, warning against what he described as a “catastrophic miscalculation” in attempts to link the war in Ukraine to the conflict involving Iran, the United States and Israel.
India Cumulative Industrial Output climbed from previous 4% to 4.1% in February
India Industrial Output registered at 5.2% above expectations (4.7%) in February
India Manufacturing Output increased to 6% in February from previous 4.8%
The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached during the early Asian trading session, a level considered a line in the sand for Japanese authorities.
TD Securities strategists Julie Ioffe and James Rossiter argue that the ECB faces a more benign backdrop in 2026 than in 2022.
OCBC strategists Sim Moh Siong and Christopher Wong describe Gold’s latest bounce as largely technical after a near 20% drawdown since the Iran conflict began.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $70.92 per troy ounce, up 1.46% from the $69.90 it cost on Friday.
Belgium Consumer Price Index (MoM) declined to 0.12% in March from previous 0.54%
Belgium Consumer Price Index (YoY) climbed from previous 1.45% to 1.65% in March
EUR/GBP trades around 0.8680 on Monday at the time of writing, virtually unchanged on the day. Price action remains limited as investors adopt a cautious stance amid rising geopolitical tensions in the Middle East and ahead of key inflation data from Germany.