US Treasury Secretary Mnuchin: Does not think people are concerned yet about inflation
- If inflation shows up that could be a concern
- Treasury to announce Russia sanctions in the next 30 days
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US Treasury Secretary Mnuchin: People not yet concerned about inflation
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- China EV exports jump 120% in February as global demand accelerates
- PBOC sets USD/ CNY mid-point today at 6.9056 (vs. estimate at 6.9108)
- WSJ report that Trump targets swift end to Iran war while ramping up military pressure
- China's COSCO resumes Gulf shipping, signalling uneven reopening of Hormuz routes
- PBOC is expected to set the USD/CNY reference rate at 6.9108 – Reuters estimat
- Oil rises as US escalation risk builds despite Trump ceasefire rhetoric
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