Eamonn Sheridan

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Central Banks
aud rba meeting 17 march 17 March 2026
Central Banks

Australian dollar supported as markets bet on RBA rate hikes - preview of today's decision

  • Expectations that the RBA could be the first G10 central bank to tighten policy again may continue to support Australian yields and the AUD, though the outlook remains sensitive to global growth risks tied to the oil shock.
Commodities
Gold, daily candles 17 March 2026
Commodities

UBS forecasts gold rising to $5,900–$6,200 in 2026 on debt and geopolitical risks

  • The bullish UBS forecast reinforces the growing institutional narrative that structural macro forces, debt, geopolitics and reserve diversification, could drive the next major leg higher in gold prices, supporting continued investor demand.
Central Banks
RBA BULLOCK 02-02
Central Banks

BIS urges central banks to look through oil spike unless Iran conflict persists

  • The BIS message reinforces the case for central banks to avoid immediate policy tightening despite rising energy prices. However, markets remain sensitive to the risk that a prolonged Middle East conflict could revive inflation and delay rate cuts globally.
News
New Zealand dollar update 17 March 2026
News

New Zealand Food Price Index +0.1% m/m in February (prior +2.5%)

  • Food prices make up nearly 19 percent of the consumer price index in NZ.
Commodities
brent crude 17 March 2026 1
Commodities

Iran denies active talks with US after reports of Witkoff text messages

  • Any confirmation of U.S.–Iran communication channels tends to moderate geopolitical risk premiums, particularly in oil markets. However, Araghchi’s denial of post-strike contact suggests diplomacy remains limited, keeping Middle East risk elevated.
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