Canada’s March building permits rose 10.3%, beating the expected 4% increase, signaling stronger construction activity.
Australian Dollar slips near 0.7100 as Iran conflict, surging oil, and RBA pause dampen risk sentiment.
RBA warns oil-driven inflation risks may lift expectations, potentially demanding deeper slowdown; rate hikes near pause.
Gold neared $4,482 as US-Iran talks, oil-driven inflation fears, and rising rate expectations pressured prices.
GBP/USD retreated as weak UK jobs data dampened Bank of England hike bets, raising swap repricing concerns.
TD Securities sees April CPI at 3.1%, driven by energy and base effects; core inflation eases.
Japan plans supplementary budget for energy subsidies and inflation relief, lifting bond yields, weakening yen, delaying BOJ hike.
LME copper extended losses Monday as Iran conflict stoked inflation fears, while weak China data pressured demand expectations.
Silver prices slid to $75.95 Tuesday, down 2.28%, as gold-silver ratio rose amid market uncertainty.
Japan’s economy beat forecasts, boosting rate-hike bets; yen slipped, yields hit multi-decade highs amid uncertainty.
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