ING’s Global Head of Macro, Carsten Brzeski, notes that the European Central Bank kept interest rates unchanged and is in no rush to hike, despite war in the Middle East and higher Oil prices.
ING’s Global Head of Macro, Carsten Brzeski, notes that the European Central Bank kept interest rates unchanged and is in no rush to hike, despite war in the Middle East and higher Oil prices.
According to Reuters, QatarEnergy’s CEO has confirmed significant damage to key facilities, taking around 17% of the country’s LNG exports offline, roughly 12.8 million tonnes per year, for what could be three to five years.
Gold (XAU/USD) extends its decline on Thursday, slipping to over a one-month low as shifting near-term macroeconomic dynamics overshadow its traditional safe-haven appeal, despite heightened geopolitical tensions from the ongoing US-Israel war with Iran.
Rabobank highlights that the FOMC’s March projections show higher PCE and core PCE inflation at 2.7% in 2026, yet unchanged median rate dots, implying only a temporary inflation shock.
GBP/JPY trades with a downside bias on Thursday as the Japanese Yen (JPY) strengthens broadly following the Bank of Japan’s (BoJ) monetary policy decision, while the British Pound (GBP) struggles to gain ground against the Yen despite showing relative strength against other major currencies after th
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is quiet against the Dollar, lagging most G10 peers as yield spreads move in favor of the USD after the Fed and Bank of Canada (BoC) meetings.
In an interview with Fox Business Network on Thursday, United States (US) Treasury Secretary Scott Bessent said that the US is not attacking Iran's energy infrastructure and added that they have allowed Iranian oil to continue out of the Gulf, per Reuters.
The European Central Bank (ECB) announced on Thursday that it left key rates unchanged following the March policy meeting, as expected.
Brown Brothers Harriman’s Elias Haddad highlights that an escalating Iran war-driven energy shock, combined with a restrictive Federal Reserve and tightening bias at other central banks, is pressuring risk assets and supporting the Dollar.
Deutsche Bank’s Sanjay Raja notes the Bank of England (BoE) kept Bank Rate unchanged but clearly signalled a stronger focus on inflation risks. The Monetary Policy Committee (MPC) dropped its easing bias and stressed readiness to act if inflation expectations rise.