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WRAPUP 1-Euro zone consumers turn gloomier as Iran war raises cost-of-living fears
German consumer sentiment at its lowest in 2 yearsItalian, French households also more pessimisticEconomists expect further deterioration in coming monthsBy Francesco Canepa FRANKFURT, March 26 (Reuters) - Consumers in the euro zone's three largest economies are becoming more pessimistic, dat...Reuters
Thu, Mar 26
CORRECTED-FOREX-Dollar sluggish as market focuses on oil and Iran war
Oil prices above $100/barrel limit dollar sellingECB and BoE expected to hike rates, while Fed holds steadyIran reviews US plan but says does not intend to talkBy Gregor Stuart Hunter and Alun John SINGAPORE, March 26 (Reuters) - The U.S. dollar steadied against most major currencies on Thursday,...Reuters
Thu, Mar 26
EUR/USD: Downside bias within broad range – UOB
UOB economist analysts Quek Ser Leang Lee and Sue Ann highlight that EUR/USD failed to sustain recent gains, slipping to 1.1554 as downside momentum picked up. Intraday, they see scope for a further drift toward 1.1530 while keeping 1.1480 intact as major support.Fxstreet
Thu, Mar 26
AUD/USD: Return to 0.71 seen on 3–6 month view – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that despite the Reserve Bank of Australia being the only G10 central bank to hike rates last week, the Australian Dollar has underperformed recently versus peers. She links this to prior outperformance and shifting G10 rate expectations.
Fxstreet
Thu, Mar 26
USD/MXN: Rebound faces 200-DMA hurdle – Societe Generale
Societe Generale analysts note that USD/MXN has formed an interim low near 17.10 and is in a short-term rebound within a broad consolidation. The 18.00/18.20 area, aligned with the 200-DMA and January peak, is highlighted as key resistance.
Fxstreet
Thu, Mar 26
Norway central bank keeps rates on hold, plans to hike
OSLO, March 26 (Reuters) - Norway's central bank kept its policy interest rate on hold at 4.0% on Thursday, as unanimously expected in a Reuters poll of analysts, and said it will likely be appropriate to raise the policy rate at one of the forthcoming meetings.Reuters
Thu, Mar 26
EUR/USD: Rally vulnerable without Gulf de-escalation – ING
ING’s Francesco Pesole highlights that EUR/USD has slipped back below 1.16 despite firm risk sentiment, as earlier gains on the European Central Bank’s (ECB) surprise hawkishness are partly unwound. Markets have reduced pricing for an April ECB hike, closely tracking Oil moves.Fxstreet
Thu, Mar 26
NZD/USD Price Forecast: Slips below 0.5800 toward two-month lows
NZD/USD extends its losing streak for the third successive day, trading around 0.5780 during the European hours on Thursday. The technical analysis of the daily chart signals a bearish bias as the pair is consolidating within a descending channel pattern.
Fxstreet
Thu, Mar 26
EUR/GBP holds above 0.8650 as hawkish ECB comments support the Euro
The Euro (EUR) edges up slightly against the British Pound (GBP) on Thursday, yet moving within previous ranges, following downbeat German consumer confidence figures and hawkish comments by European Central Bank (ECB) member and Bundesbank President Joachim Nagel.
Fxstreet
Thu, Mar 26
USD/CHF edges up to near 0.7925 as US Dollar remains firm amid Middle East uncertainty
The USD/CHF pair ticks higher to near 0.7925 during the European trading session on Thursday. The Swiss Franc pair gains as the US Dollar (USD) holds onto gains amid growing doubts over an early ceasefire between the United States (US) and Iran, following the release of Tehran’s conditions.
Fxstreet
Thu, Mar 26
EUR/JPY remains subdued near 184.00 due to rising BoJ rate hike bets
EUR/JPY halts its four-day winning streak, trading around 184.20 during the European hours on Thursday. The currency cross holds losses as the Japanese Yen (JPY) draws support from rising expectations of a near-term rate hike by the Bank of Japan (BoJ).
Fxstreet
Thu, Mar 26
USD/JPY Price Forecast: Holds onto gains near 159.50 following US Dollar’s footprints
The USD/JPY pair trades sideways around 159.40 during the European trading session on Thursday. The pair seems to be following the footprints of the US Dollar (USD), which clings to the previous day’s high amid uncertainty surrounding the war in the Middle East.Fxstreet
Thu, Mar 26
