Dollar steadies near 99.80 as Iran-Hormuz deadline looms; oil spikes, euro climbs; eyes on Fed minutes, PCE.
US consumer credit increased by $9.48bn in February, missing forecasts of a $10bn rise overall.
Dollar index near 99.80 as Iran tensions lift oil, gold; markets await Fed minutes and PCE data.
Middle East conflict boosts oil and gas prices, raising European cement, concrete and brick costs, pressuring construction.
Australian Dollar climbed as US dollar weakened; AUD/USD tested 0.6950 resistance after rebounding above 100-day SMA.
Middle East conflict lifts energy prices, raising European building material costs; manufacturers may pass on increases, squeezing construction.
AUD/USD climbed to 0.6955 as dollar weakened; firmer yuan, technical rebound, eyes 0.7000 resistance.
Brown Brothers Harriman expects RBI, NBP, BCRP, and BOK to hold rates, despite shifting inflation outlooks.
Gold hovered near $4,658 as Trump-Iran deadline, Hormuz tensions, firm dollar, and CPI expectations capped gains.
BBH expects RBI, NBP, BCRP and BOK to hold rates this week, with varying hawkish risks.
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