U.S. Import Price Index rose 1.3% in February, beating 0.5% forecasts, signaling higher import costs.
EUR/GBP dipped near 0.8650 as ECB flagged energy-driven inflation risks; UK inflation stayed 3% amid caution.
Markets expect three ECB hikes by 2026, but Nomura sees unchanged rates unless Brent nears $100.
India’s M3 money supply growth slowed to 10.7% in March, down from 11.5% previously reported.
MBA mortgage applications improved slightly, rising to -10.5% from -10.9% on March 20, yet remain down overall.
EUR/USD hovered near 1.1600 as markets awaited Iran’s response; DXY steady above 99.00, RSI neutral.
ECB monitors Middle East conflict’s inflation impact, watching energy shocks, wages and price expectations; no near-term rate hikes.
UK inflation held at 3.0%; services stayed high. Iran-driven energy rises may lift CPI, delaying BoE cuts.
USD/INR eases to 94.30 as oil softens on ceasefire hopes; RBI intervention suspected; volatility risks remain.
Germany’s Ifo expectations index held steady at 86 in March, matching forecasts and signaling unchanged sentiment.
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