DBS Group Research’s Philip Wee notes that Brent remains capped below $100 as markets reassess Iran conflict risks and shift focus toward a potential diplomatic off-ramp.
Rabobank strategist Molly Schwartz highlights that the Eurozone is already economically exposed to the conflict via higher energy prices.
Asian stock markets face profit-booking on Thursday after rallying in the last two-three trading days.
Commerzbank economists Dr. Henry Hao and Moses Lim note AUD/USD slipped to 0.6950 as Australia faces a stagflationary dilemma. Pre-war core inflation held at 3.3% while a Middle East energy shock could push prices higher.
The GBP/USD pair trades in a tight range around 1.3360 during the early European trading session on Thursday. The Cable consolidates as investors await clarity on whether Iran intends to pursue a ceasefire, as claimed several times by United States (US) President Donald Trump.
AUD/JPY moves sideways after three days of losses, trading around 110.90 during the Asian hours on Thursday.
Netherlands, The Gross Domestic Product n.s.a (YoY) meets forecasts (1.8%) in 4Q
The EUR/USD pair trades slightly higher around 1.1570 during the late Asian trading session on Thursday.
West Texas Intermediate (WTI) Crude Oil prices stick to a positive bias for the second consecutive day on Thursday, though the intraday uptick lacks bullish conviction.
Singapore Industrial Production (YoY) declined to -0.1% in February from previous 16.6%
Singapore Industrial Production (MoM) fell from previous 5.3% to -7.2% in February
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
