Canada’s inflation slowed to 1.8% in February; core measures fell, while oil risks may lift March.
Swiss franc’s safe-haven strength challenges SNB, amid low inflation, limited rate cuts, and constrained FX intervention.
NAHB Housing Market Index rose to 38 in March, beating 37 forecast, signaling slightly improved builder sentiment.
USD/CAD slips near 1.3659 as softer Canadian CPI and BoC/Fed decisions dominate, oil risks support prices.
Bob Savage cites Iran conflict, central banks, shifting dollar-oil-equity links; oil/gold ratio signals deleveraging.
MUFG stays short EUR/USD, citing oil and gas-driven terms-of-trade shocks; higher crude implies lower EUR/USD.
US industrial production rose 0.2% in February; capacity utilization steady at 76.3%, DXY eased afterward.
TD Securities warns copper deficits may draw exchange stocks down, as off-exchange supplies are constrained globally.
Euro area industrial output fell 1.5% in January, driven by pharmaceutical and energy-intensive industry declines.
US industrial production increased 0.2% in February, beating forecasts of 0.1%, signalling output slightly stronger than expected.
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