US ISM Services Employment Index dropped to 45.2 in March from 51.8, signaling contraction below 50.
US–Iran conflict enters sixth week; de-escalation unclear. Brent retreats; Hormuz restrictions possible as Trump issues reopening deadline.
US ISM Services Employment Index fell to 45.2 in March from 51.8, signaling contraction.
US–Iran tensions persist; Brent retreats from USD119 as Hormuz traffic management talks ease shutdown fears. Trump escalates threats.
Asia’s energy shock risk rises from Hormuz disruption, pressuring KRW, PHP, THB; CNY resilient, MYR supported.
EUR/GBP dipped as ceasefire talks lifted risk mood; Pound outperformed, while technicals remained mildly bullish.
Asia risks inflation and weaker growth from Hormuz disruptions; KRW, PHP, THB vulnerable, CNY insulated, MYR supported.
EUR/GBP dipped as ceasefire diplomacy boosted risk appetite; Pound outperformed, while technicals highlighted key support/resistance.
TD Securities sees March ISM Services slipping to 54.2, pressured by Iran uncertainty and softer components.
Indonesia inflation slowed to 3.5%, within target; BI likely holds 4.75% amid rupiah volatility and risks.
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