Germany’s January seasonally adjusted trade surplus hit €21.2 billion, exceeding forecasts by €6.0 billion.
Germany’s imports dropped 5.9% in January after December’s 1.4% rise, shifting from growth to decline.
Middle East conflict lifts US inflation risks via oil, volatility, uncertainty, reducing output and delaying Fed rate cuts.
China’s exports surged 40% in February, widening the trade surplus to around 6.2% of GDP.
Brent whipsawed as Hormuz closure threatened rapid inventory depletion; G7 release, US measures aimed to stabilize prices.
EUR/USD nears 1.1600 as Hormuz disruption fears boost safe-haven dollar; traders await US CPI Wednesday data.
EUR/JPY slips below 183.50 as yen strengthens on Middle East tensions; BoJ uncertainty caps gains, outlook.
WTI rebounds above $88 as Hormuz closure fears tighten supply; IEA weighs reserve release; uptrend intact.
Gold prices rose in Saudi Arabia Tuesday; gram reached SAR 623.88, tola SAR 7,276.72, FXStreet reports.
Philippine gold prices rose Tuesday, FXStreet reports, as investors watched peso rates, inflation hedges, and global demand.
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