USD/CAD slips near 1.3659 as softer Canadian CPI and BoC/Fed decisions dominate, oil risks support prices.
Bob Savage cites Iran conflict, central banks, shifting dollar-oil-equity links; oil/gold ratio signals deleveraging.
MUFG stays short EUR/USD, citing oil and gas-driven terms-of-trade shocks; higher crude implies lower EUR/USD.
US industrial production rose 0.2% in February; capacity utilization steady at 76.3%, DXY eased afterward.
TD Securities warns copper deficits may draw exchange stocks down, as off-exchange supplies are constrained globally.
Euro area industrial output fell 1.5% in January, driven by pharmaceutical and energy-intensive industry declines.
US industrial production increased 0.2% in February, beating forecasts of 0.1%, signalling output slightly stronger than expected.
US capacity utilisation edged up to 76.3% in February, beating the 76.2% forecast by 0.1 points.
Oil markets reprice for prolonged Hormuz disruption, 8m b/d shut-ins, delayed US response, elevated record prices.
Chinese silver demand keeps Shanghai import arbitrage profitable, boosting imports and inventories, easing scarcity as global coverage rises.
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