ECB’s Schnabel urges vigilance on energy shock persistence and upside inflation risks, as March projections reflect Iran shock.
Macron urged limiting export restrictions, defining Iran war aims, keeping Russia sanctions, coordinating Hormuz escorts, releasing reserves.
Hungary’s core inflation has returned to target, supporting dovish rate cuts, while global factors drive forint.
Gold slipped near $5,180 as firmer dollar, higher yields capped gains; inflation steady, Mideast tensions support.
Euro rates track energy prices; ECB hikes priced for 2026 may fade with cheaper energy, lowering yields.
EUR/GBP slid to 0.8628 as oil-price fears shifted BoE cut expectations, slightly outweighing ECB tightening bets.
Canada’s smaller oil sector still boosts exports; higher oil prices raise costs but GDP impact remains neutral.
Australian Dollar climbed on improved risk appetite, hawkish RBA signals, rising rate-hike odds and higher energy prices.
IEA members agreed to release 400 million barrels from emergency reserves, largest coordinated strategic oil release ever.
February CPI matched forecasts; core and supercore cooled. TD sees higher energy lifting March inflation near 3%.
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