TD Securities strategists argue that Powell’s hawkish-leaning press conference has supported the US Dollar as markets price out 2026 Fed cuts.
TD Securities strategists argue that Powell’s hawkish-leaning press conference has supported the US Dollar as markets price out 2026 Fed cuts.
BNY’s Geoff Yu notes that the Norwegian Krone (NOK) and Australian Dollar (AUD) are currently favored in G10 as energy-linked, high-beta currencies with hawkish-leaning central banks.
Deutsche Bank economists expect the ECB to keep rates on hold but to acknowledge greater uncertainty and upside risks to near-term inflation following the Iran conflict and Oil spike.
AUD/USD moves slightly upwards after registering losses in the previous session, trading around 0.7040 during the early European hours on Thursday. The Australian Dollar (AUD) stays firm against the US Dollar (USD) following the release of domestic employment data earlier in the day.
Rabobank’s Senior US Strategist Philip Marey notes that the FOMC left the federal funds rate unchanged in March and still projects one cut in 2026, despite higher inflation and growth forecasts.
The European Central Bank (ECB) will announce its monetary policy decision on Thursday, following a two-day meeting.
The Pound Sterling (GBP) trades lower against its major currency peers, but is 0.1% higher to near 1.3270 against the US Dollar (USD) during the European trading session on Thursday.
Here is what you need to know on Thursday, March 19:
Bank of Japan (BoJ) Governor Kazuo Ueda is addressing the press conference, explaining the reason behind leaving the key interest rate unchanged at 0.75% in the March policy meeting.
Rabobank’s Senior Global Strategist Michael Every highlights that Brent and TTF prices have jumped as Israel, with US coordination, struck Iran’s largest gas field and Iran retaliated against GCC energy assets.