USD

US March CPY 3.3% y/y vs 3.3% expected

• US March inflation data

The markets - including the USD - are little changed to kickstart the Friday trading

• Focus is still on the developments in Iran with hopes for peace talks continuing

Indian Rupee finds some reprieve amid US-Iran ceasefire; focus shifts to peace talks

• The USDINR pair is consolidating around the upper bound of the major rising channel ahead of the US-Iran peace talks in Islamabad this weekend. What's next?

USDCAD approaches a key resistance zone ahead of the Canadian jobs data and US-Iran talks

• The USDCAD pair pulled back considerably from the overstretched levels seen before the ceasefire. The focus remains on the US-Iran talks but we have also the Canadian jobs data today that could impact the Canadian dollar.

What is the distribution of forecasts for the US CPI?

• Knowing the range of expectations is important, but the distribution of forecasts is another key input in the market's reaction

USDJPY erases the ceasefire losses as focus turns to US-Iran peace talks in Islamabad

• The USDJPY pair is almost back to pre-ceasefire levels as the Japanese yen continues to lose ground against major currencies. What's next?

ADB warns Asia growth to slow sharply if Middle East disruptions persist

• The outlook reinforces a stagflationary impulse across Asia, supportive for energy prices and inflation trades, while weighing on regional equities and growth-sensitive FX. It also strengthens the case for policy intervention and diversification strategies.

IMF warns Iran war fuels inflation surge and global growth slowdown

• The stagflation signal is bearish for global growth assets, supportive for commodities (especially oil), and complicates central bank paths, keeping rates higher for longer and adding downside risk to equities while supporting USD and safe havens.

Trump: Optimistic for a peace deal

• Speaking to NBC on a phone interview

Iran Pres. frames cease-fire as strength, not surrender

US treasury to sell $22 billion of 30 year bonds at the top of the hour

• The 3rds and last of the coupon auctions this week.

Buyers in the EURUSD push the price to new session highs

• Netanyahu says he will negotiate open direct negotiations at the earlies possible time. The USD moves lower and the EURUSD moves higher

USDJPY trades to new highs and tests the converged 100/200 hour MAs

• The 100 and 200 hour moving averages come near 159.23. The 2 moving averages create a key barometer for buyers and sellers.

NZDUSD stretches back higher but running into MA resistance

• The 200 bar MA on the 4 hour chart is being tested at 0.5846, but finding will sellers near the level. Buyers and sellers are battling.

US February wholesale inventories +0.8% vs -0.4% expected

• US February wholesale inventory data