Mexico’s industrial output dropped 1.3% year on year in March, a smaller decline than the forecast 1.5%.
India considers emergency measures to protect forex reserves as oil prices surge, widening deficit and pressuring rupee.
USD/CHF rose to 0.7815 as Middle East tensions boosted dollar demand; markets await US CPI; Swiss inflation stays subdued.
South Africa’s manufacturing production index rose 0.9% year-on-year in March, reversing February’s 2.8% contraction.
Rupee hits record low as US-Iran tensions, high oil prices, and FII outflows pressure India.
Treasury yields rose as Middle East tensions and supply loomed; markets await April CPI impact on dollar.
Spain’s latest 9-month Letras auction saw average yields rise to 2.514%, up from 2.461%.
Spain’s Treasury sold 3-month Letras at auction, with average yield rising to 2.154% from 2.111%.
Spain’s 3-month Letras yield rose to 2.154% from 2.111%, slightly increasing short-term borrowing costs.
EUR/USD holds firm on risk appetite; Gulf tensions, weak ZEW outlook keep bias bearish, targeting 1.170.
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