MUFG says Canadian dollar resilient on oil support; BoC likely holds; weak jobs; USD/CAD range-bound unless conflict/oil surge.
South Africa’s retail sales increased 4.2% year-on-year in January, beating the 2.5% forecast and expectations significantly.
Eurozone harmonised consumer prices rose 0.6% in February, below 0.7% forecast, signalling weaker inflation.
Eurozone core HICP inflation held at 2.4% year-on-year in February, matching forecasts and signaling steady underlying prices.
Eurozone harmonised consumer prices rose 1.9% year-on-year in February, matching forecasts and indicating steady annual inflation.
Oil price shocks drive inflation and often precede recessions; central banks now respond proactively, raising growth risks.
USD/CAD remains stuck between 1.36–1.37 as traders await BoC guidance; energy exports support resilient CAD.
WTI slipped near $93.20 as Iraq resumed exports; traders awaited EIA data after API stock build.
Pfister says EUR/USD options have reverted to pre-“Liberation Day” patterns, as post-April shifts faded recently.
EUR/USD slipped toward 1.1550 as dollar steadied before Fed; markets await dot plot, ECB decision.
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