GBP/USD dropped to 1.3380 as dollar strengthened; BoE held 3.75% unanimously, signaling inflation vigilance after rally.
USD/JPY rebounded to 158.70 as firmer dollar, Fed pause expectations, and geopolitical tensions outweighed hawkish BoJ.
Canada’s New Housing Price Index fell 2.1% year-on-year in February, slightly improving from January’s 2.3% decline.
Canada’s New Housing Price Index rose 0.3% in February, defying forecasts for a 0.3% decline.
Canada’s January retail sales rose 1.1% month-on-month, missing the 1.5% forecast, signaling weaker growth than expected.
Canada’s January retail sales excluding autos rose 0.8% month-on-month, missing forecasts of 1.2% by 0.4 points.
Canada’s February Industrial Product Price Index rose 0.4% month-over-month, missing the 1.1% forecast by 0.7 points.
Canada’s Raw Material Price Index increased 0.6% in February, missing the 2.4% forecast.
Crude briefly neared $120 on attacks, then eased; OCBC sees $100 midyear, $70 by 2027.
Gold slides as yields rise and inflation risks grow; ETF outflows, choppy trading persist, but long-term outlook supportive.
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