GBP/USD climbed above 1.3450 as dollar weakness, Middle East tensions, and shifting BoE/Fed rate expectations drove trade.
Yen steady near 157.60 as dollar eases; oil, Hormuz risks, and rate outlook steer markets.
Pound Sterling edged higher as weak US Dollar persisted amid Middle East tensions; Trump suggested war’s end.
Hungary’s inflation hit 1.4% in February; core 2.1%. ING expects inflation above 3% soon, 4% end-2026.
WTI slips near $82.30 as G7 weighs strategic oil reserve release amid heightened Strait of Hormuz tensions.
Gold rose 1.63% to $5,222 as dollar and yields fell amid US-Iran war uncertainty.
EUR/USD rose near 1.1645 as dollar softened, Iran war tensions persisted, oil fell, central banks cautious.
Japan’s Akazawa says G7 discussed potential oil reserve releases as ministers plan measures to stabilize global energy supplies.
Sweden’s January GDP fell 1.1% monthly; war uncertainty likely keeps Riksbank cautious, wait-and-see stance.
Norwegian krone weak as oil falls; February inflation eased but stayed above Norges Bank forecasts, muddying outlook.
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