GBP/USD slid to 1.3320 after hot US PPI boosted the dollar; Fed and BoE decisions awaited.
Russia’s producer prices rose 0.5% in February after January’s 2.5% drop, shifting back to growth.
Russia’s Producer Price Index sank to -5.2% in February, slightly worse than January’s -5.0% reading.
Pfister expects Brazil’s central bank to start rate cuts from 15%, accelerating to 50bp moves in 2026.
USD/JPY hovered near 159.50 ahead of Fed decision, with BOJ, Iran war, and inflation eyed.
Gold slips as dollar and yields rise before Fed decision; hot PPI, geopolitics pressure XAU/USD outlook.
WTI rose near $97.50 as Middle East strikes threatened supply; Iraqi exports resumed, US inventories climbed.
Macklem says BoC will decide meeting-by-meeting, assessing Iran conflict, energy-driven inflation risks, and growth weakness.
Bank of Canada held 2.25%, dropped rate guidance; TD sees easing bias, Middle East conflict lifting USD/CAD.
USD/CAD pared gains after BoC held rates, boosting loonie; upside capped as firm dollar awaited Fed decision.
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