US stocks slid after hotter February PPI, as investors awaited Fed decision, dot plot and projections.
Central Eastern European currencies strengthened as risk appetite improved; high energy prices still threaten inflation, limiting rate hikes.
EUR/USD climbed as dollar eased before Fed decision; oil tensions and PPI boosted higher-for-longer rate bets.
Bank of Canada holds 2.25% rate, flags weaker growth, near-term inflation risks amid higher energy prices.
Latin American sovereign bonds are crowded; minimal hedging heightens vulnerability if US policy or financial conditions tighten.
GBP/USD slid to 1.3320 after hot US PPI boosted the dollar; Fed and BoE decisions awaited.
Russia’s producer prices rose 0.5% in February after January’s 2.5% drop, shifting back to growth.
Russia’s Producer Price Index sank to -5.2% in February, slightly worse than January’s -5.0% reading.
Pfister expects Brazil’s central bank to start rate cuts from 15%, accelerating to 50bp moves in 2026.
USD/JPY hovered near 159.50 ahead of Fed decision, with BOJ, Iran war, and inflation eyed.
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