AUD/USD slipped to 0.7040 as US dollar strengthened, oil tensions rose, and inflation expectations shifted.
Nomura expects BoE rates steady; $100 oil may lift UK CPI 0.6pp, delaying expected cuts.
Higher energy costs threaten current-account surpluses, pressuring euro-area currencies as oil rises shift balances.
US durable goods orders unexpectedly fell in January, dragged by transportation, while the dollar stayed firm.
Russia’s foreign trade balance fell to $6.597bn in January from $10.021bn, narrowing export-import gap.
Aluminium up 10% on Iran supply fears; tight Asia premiums, China capped output, LME withdrawals surge.
Sterling slid versus yen after flat UK GDP and weak output data; GBP/JPY retreated near 211.50.
GBP/USD slid toward mid-1.3200s after flat UK January GDP, weaker output data, and renewed dollar strength.
Middle East tensions boost dollar safe-haven demand; Rabobank expects de-dollarisation fears ease as inflation risks rise.
BEA revised Q4 US annualised GDP growth to 0.7%, citing weaker exports, spending, investment; dollar steady.
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