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CEE FX: Central banks comfortable waiting out shock – ING
ING’s Frantisek Taborsky highlights that Central and Eastern European FX and rates have seen some relief despite elevated energy prices. Regional central banks currently treat the Gulf-related energy spike as a supply shock and prefer to wait, with no case for hikes.Fxstreet
Tue, Mar 17
Canadian home sales fell 1.3% in February, CREA says
By Promit MukherjeeOTTAWA, March 17 (Reuters) - Canadian home sales fell 1.3% in February from January and prices declined in continuation of a trend that started early this year, data from the Canadian Real Estate Association showed on Wednesday, although it added there were some signs of a pick-up...Reuters
Tue, Mar 17
Iranian oil production and exports continue without interruption, official says
DUBAI, March 17 (Reuters) - Iran's oil production and exports continue without interruption, a spokesperson for the parliamentary energy commission said on Tuesday, adding that daily life is going on as usual on Kharg island. Kharg island serves as Iran's main oil export hub, representing 90...Reuters
Tue, Mar 17
IDR: BI dovish bias with Strait of Hormuz risks – MUFG
MUFG's Senior Currency Analyst Michael Wan notes that Bank Indonesia benefits from Indonesia’s net commodity exporter status, but faces weak starting macro conditions and fiscal constraints as oil rises. Higher energy prices threaten subsidy costs and the 3% of GDP deficit cap.Fxstreet
Tue, Mar 17
Fed: War-driven uncertainty clouds rate path – BNY
BNY’s Americas Macro Strategist John Velis expects no policy change at the March FOMC meeting and very limited forward guidance, as the Federal Reserve grapples with higher inflation expectations from the Middle East conflict and a softening labor market.Fxstreet
Tue, Mar 17
