United States Michigan Consumer Sentiment Index came in at 53.3 below forecasts (54) in March
United States Michigan Consumer Sentiment Index came in at 53.3 below forecasts (54) in March
USD/CAD: Bullish trend targets low 1.39s – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is steady to slightly firmer versus the Dollar despite weak risk appetite, helped by a modest bid for commodity currencies.
Brent: Higher range risk and global growth fears – MUFG
Halpenny stresses that the extension of Trump’s pause only on attacks against energy assets, combined with Iran’s limited tanker gestures, suggests the Strait of Hormuz will stay constrained.
USD: Funding-driven support in war-driven stress – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that global risk sentiment is deteriorating as Oil rises, equities and bonds fall, and the Dollar strengthens.
USD: Safe-haven appeal looks diminished – Nordea
Nordea’s Jan von Gerich observes that recent equity weakness has not produced a stronger Dollar, suggesting its traditional safe-haven role is less dominant than before.
USD/CAD holds gains above 1.3850 amid fears of a protracted war in Iran
The US Dollar (USD) keeps marching higher against the Canadian Dollar (CAD) on Friday.
EUR/USD: Vulnerable as risks tighten – ING
ING’s Chris Turner argues that EUR/USD remains under pressure as investors position for further Middle East escalation and tighter global financial conditions. He notes that Sovereign Wealth Fund retrenchment and hawkish European Central Bank pricing weigh on the pair.
Banxico: Cautious after a close call for cut – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team reviews Banxico’s March 26 decision to cut the overnight policy rate by 25bp to 6.75%. The move was a close call, with two governors preferring to keep rates at 7.00%.
AUD/USD: Bearish bias builds below key supports – UOB
UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870.
Australian Dollar trades higher despite Mideast war-led cautious market mood
The Australian Dollar (AUD) outperforms its major currency peers, trading marginally higher to near 0.6900 against the US Dollar (USD) during the late European trading session on Friday.
Mexico Trade Balance s/a, $ climbed from previous $-1.248B to $-1.09B in February
Mexico Trade Balance s/a, $ climbed from previous $-1.248B to $-1.09B in February
Mexico Jobless Rate meets forecasts (2.6%) in February
Mexico Jobless Rate meets forecasts (2.6%) in February