China’s yuan-denominated exports grew 13.1% year-on-year in February, accelerating sharply from January’s 5.2% increase.
GBP/USD slips but holds 1.3400 as Middle East tensions lift dollar, oil, yields; UK rates support.
China’s February trade balance reached $213.62bn, exceeding forecasts of $179.6bn, signalling a bigger-than-expected surplus.
China’s February imports jumped 19.8% year-on-year, far exceeding expectations of 6.3%, signalling stronger-than-forecast demand.
PBOC set Tuesday USD/CNY fix at 6.8982 versus 6.9158, highlighting tools, governance, reforms, and private banks.
NAB’s February business survey found conditions steady at 7, reporting confidence, trading, profitability and employment metrics.
NAB reported Australian business confidence slipped to -1 in February, down from 3 previously.
G7 energy ministers meet virtually Tuesday to discuss coordinated oil reserve release after Iran war supply disruption.
WTI traded near $86.40 after $120 spike; IEA reserves, Trump comments eased fears, Hormuz risks lingered.
Japan’s fourth-quarter GDP deflator rose 3.4% year on year, matching forecasts and signaling inflation pressures.
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