GBP/JPY hit 214.87 as yen weakened on high oil, Middle East tensions, BoJ caution, UK inflation risks.
Dollar strengthens after Trump announces Iranian port blockade, as oil rises and markets await scope details.
NZD rises on RBNZ hawkishness; markets price near three hikes, but OCBC sees delayed tightening, oil risks.
Hormuz closure slashed Gulf exports 43%, idling 11mb/d; prices surged as markets price inflation shock.
CFTC data show speculators rebuilding long USD positions, boosted by Middle East conflict, despite de-dollarisation pressures.
Euro area Q1 activity disappointed; German industry weak. Oil shock smaller than 2022; wages may rise earlier.
ECB holds rates at 2.0%; Deutsche Bank sees two hikes, markets imply third amid weak growth outlook.
Hungary’s Tisza supermajority eases uncertainty, but EU funds may lag; budget revisions could strain fiscal metrics.
March US existing home sales missed forecasts: 3.98 million versus 4.06 million expected, signaling weaker market activity.
US existing home sales fell 3.6% in March, reversing February’s 1.7% rise, signalling renewed market weakness.
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