USD/JPY nears 159.18 as yen weakens; intervention rumours rise amid US-Iran tensions, oil disruption, rate gaps.
Canada’s trade deficit hit a five-month high as auto disruption slashed exports, while gas exports surged.
HSBC keeps bonds core, expects contained inflation, near-end rate cuts, and favors gilts, Australia, EM.
U.S. 4-week Treasury bill auction saw unchanged high rate at 3.64%, matching prior yield levels.
Canadian Dollar weakened as USD demand stayed firm amid US-Iran tensions; elevated oil supported CAD, limiting losses.
Markets eye Strait of Hormuz; Iran conflict risks push oil to $70–75 or $150, boosting inflation, hurting GDP.
AUD/USD slid to 0.7095 as dollar demand rose on geopolitical tensions; Australia rate-hike bets limited downside.
Brazil and the real buoy Latin markets as oil premiums surge and high real rates support stability.
Deutsche Bank expects ECB to hold rates March 19, citing energy uncertainty; policy tightens only if inflation unanchors.
EIA reported a 38B cubic feet gas storage withdrawal, 4B smaller than forecast, reducing inventories less than expected.
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