United States Producer Price Index (MoM) came in at 0.5%, below expectations (1.2%) in March
United States Producer Price Index (MoM) came in at 0.5%, below expectations (1.2%) in March
United States Producer Price Index (YoY) below forecasts (4.6%) in March: Actual (4%)
Private-sector hiring in the US has added extra momentum in late March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 39K jobs per week in the four weeks ending March 28.
ING analysts note that the Dollar’s rebound has faded as markets price a de-escalation in US‑Iran tensions and falling Oil prices.
United States ADP Employment Change 4-week average up to 39K in March 21 from previous 26K
The Euro (EUR) extends gains against the US Dollar (USD) for the seventh consecutive day on Tuesday.
Societe Generale’s Kit Juckes notes that EUR/USD had previously rallied faster than relative rates implied on expectations of a weaker Dollar under President Trump, but now lags rate differentials as the US economy outperforms the Eurozone and retains safe-haven appeal.
Commerzbank’s Christoph Rieger flags that European Central Bank (ECB) communication and research around the IMF Spring meetings could support a more forceful policy stance.
TD Securities analysts highlight a hawkish shift from the Reserve Bank of Australia (RBA) after Deputy Governor Hauser signaled limited confidence that current policy is sufficient to return inflation to target.
The Australian Dollar (AUD) appreciated for the second consecutive day against the US Dollar (USD) on Tuesday, reaching four-week highs above 0.7120 at the time of writing and drawing closer to the 2026 high at 0.7187.
Rabobank analysts flag that final March CPI across the Eurozone will refine how the Hormuz-driven energy shock feeds into Euro-area inflation.
The NZD/USD pair trades 0.5% higher to near 0.5900 during the European trading session on Tuesday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers amid risk-on market sentiment.