BNY’s Bob Savage highlights that Chinese authorities have raised overseas loan leverage ratios and macroprudential parameters to facilitate outbound and cross-border financing.
Gold price retreats during the session, down nearly 1%, as risk appetite improves and flows rotate toward US equities, pushing the S&P 500 index past the 7,000 figure, poised to test the all-time high at around 7.014.
Silver (XAG/USD) price halted its advance on Wednesday as a doji candle emerged near the 50-day Simple Moving Average (SMA) at $79.09, a sign of indecision among traders, whether to push prices towards the next cycle high at $90.01 —the March 10 high—, or challenge the 100-day SMA key support at $76
United States Net Long-Term TIC Flows registered at $58.6B above expectations ($36.6B) in February
The US Dollar Index (DXY) struggled to build on recent gains, trading near 98.10 on Tuesday in a tight range as mixed US data and conflicting signals from yields capped momentum.
DBS Group Research economists Taimur Baig and Chua Han Teng argue that recent commodity price shocks will inevitably lift inflation in Singapore, but highlight the role of the Singapore Dollar and policy buffers.
Alberto Musalem, President of the Federal Reserve (Fed) Bank of St. Louis, said in an interview with Reuters on Wednesday that the Oil shock caused by the Middle East war is likely feeding core inflation, and he expects it to be near 3% throughout the year.
Standard Chartered economists Carol Liao, Moriarty Lam and Shuang Ding highlight that China has become the world’s largest exporter of AI‑related goods, with exports spanning raw materials to hardware and applications.
United States Total Net TIC Flows increased to $184.5B in February from previous $-25B
USD/JPY holds firm on Wednesday despite a broadly weaker US Dollar (USD). The pair remains confined within a one-month trading range, as elevated Oil prices linked to tensions in the Middle East continue to weigh on the Japanese Yen (JPY).
MUFG’s Senior Currency Analyst Michael Wan argues that KRW could outperform in a de-escalation scenario despite vulnerability to prolonged conflict and higher Oil prices. The bank expects the strong AI and technology cycle to continue supporting South Korea.
UOB’s Ho Woei Chen highlights that China’s March data showed a sharp divergence between exports and imports, narrowing the trade surplus to a 13‑month low.
