BoE held rates at 3.75% unanimously; UOB expects no cuts through 4Q26 amid inflation risks.
ABN AMRO expects ECB to tighten twice after energy shock, limiting inflation; Lagarde urges temporary targeted fiscal support.
US EIA reported crude oil inventories rose 6.926M on March 20, far above the 0.5M forecast.
Hormuz oil flows plunge; Gulf output cuts deepen, storage draws accelerate, IEA releases limited; prices may surge.
Germany’s Ifo index fell in March; expectations slumped sharply, signalling weaker confidence amid geopolitical risks, higher energy.
Lagarde warned ECB could tighten if Iran-war energy shocks lift broader inflation; action awaits clearer evidence.
GBP/JPY hovered near 213.00 as UK inflation, BOE rate expectations and BOJ minutes drove choppy trade.
USD/JPY near 159 as dollar demand rises, yen pressured by oil, geopolitics, Fed stance, intervention risk.
TD Securities expects Norges Bank to hold rates at 4.00%, citing inflation risks, energy shock, uncertainty.
AUD/USD nears range lows as softer CPI meets RBA hawkish risks; May hike odds rise.
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