Lagarde said ECB held rates; growth driven by demand but conflict, energy prices heighten uncertainty, inflation risks.
EUR/JPY drops to 183.60 as ECB holds rates, inflation risks rise, and Japan hints FX intervention.
Australian Dollar gains to 0.7150 as RBA hike expectations rise; US Dollar weakens despite hawkish Fed.
U.S. core PCE Price Index increased 3.2% year-over-year in March, meeting expectations and signaling steady inflation.
US PCE inflation held at 3.5% year-on-year in March, matching forecasts, reflecting annual US consumer price changes.
U.S. PCE price index rose 0.7% in March, matching expectations and indicating steady consumer inflation pressures.
US core PCE prices increased 0.3% in March, matching forecasts and signaling steady inflation excluding food, energy.
European Central Bank set eurozone deposit facility rate at 2%, matching forecasts; banks earn interest on overnight deposits.
Fed held rates, saw four dissents; Powell cited Middle East uncertainty as markets priced higher odds.
Mexico’s year-on-year GDP grew 0.1% in Q1, missing the 0.8% forecast, signaling slower growth.
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