HSBC Global Research expects New Zealand Dollar (NZD) to stay under pressure versus USD in coming weeks, even as markets price further Reserve Bank of New Zealand (RBNZ) tightening over 12 months.
South Africa SARB Interest Rate Decision meets expectations (6.75%)
ING’s Ewa Manthey and Warren Patterson note that NYMEX WTI and ICE Brent are up around 2% after sharp volatility around $100/bbl as markets react to conflicting US‑Iran ceasefire signals.
Russia Central Bank Reserves $ dipped from previous $803.2B to $776.8B
Nordea's Chief economist Kjetil Olsen and Senior Macro and FX Strategist Sara Midtgaard note that the central bank of Norway, Norges Bank now signals a policy rate hike to 4.25% at an upcoming meeting, with the new path pointing to 4.25–4.50% by year-end.
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading just below 160.00 as the Bank of Japan (BoJ) releases new underlying CPI indicators, which remain below the 2% target but are converging toward it.
The Pound (GBP) is trading lower against the Japanese Yen (JPY) on Thursday, snapping a four-day positive streak.
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 210K for the week ending March 21.
United States Continuing Jobless Claims below forecasts (1.86M) in March 13: Actual (1.819M)
United States Initial Jobless Claims 4-week average: 210.5K (March 20) vs previous 210.75K
United States Initial Jobless Claims in line with forecasts (210K) in March 20
USD/CHF trades higher around 0.7930 on Thursday, up 0.15% on the day, as the US Dollar (USD) maintains a bullish tone amid heightened geopolitical uncertainty. The pair is supported by sustained demand for the Greenback, driven by fading hopes for a ceasefire between the United States (US) and Iran.
