Commerzbank says copper surplus hit 300,000 tons as output rose, demand lagged; high prices may cap gains.
EUR/USD rose to 1.1690 after weak US GDP; Fed uncertainty persists as ECB holds rates, stresses risks.
ECB held rates; Lagarde warned uncertainty, energy inflation risks, weaker growth, and data-dependent policy amid turbulence.
Lagarde said ECB held rates steady, rejecting “stagflation” label; reiterated 2% symmetric target, June scenarios update.
Bank of England held rates at 3.75%; Middle East tensions shifted expectations as ING now predicts possible June hike.
Lagarde said ECB held rates; growth driven by demand but conflict, energy prices heighten uncertainty, inflation risks.
EUR/JPY drops to 183.60 as ECB holds rates, inflation risks rise, and Japan hints FX intervention.
Australian Dollar gains to 0.7150 as RBA hike expectations rise; US Dollar weakens despite hawkish Fed.
U.S. core PCE Price Index increased 3.2% year-over-year in March, meeting expectations and signaling steady inflation.
US PCE inflation held at 3.5% year-on-year in March, matching forecasts, reflecting annual US consumer price changes.
Hello there 👋
On hold
Hello there 👋
Scan the QR code with your smartphone to start a chat with us, or click here.
Don’t have the Telegram App or Desktop installed? Use Web Telegram instead.
