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23

Mar 2026
Following Trump’s negotiation claims despite Iranian denial, US equities surged; NASDAQ and Dow rose 2%, S&P 1.7%

US stocks surged, oil plunged after Trump claimed Iran talks; officials disputed, as traders watched key levels.

23

Mar 2026
MUFG expects Middle East turmoil, energy shocks and flows to weaken the yen further, lifting USD/JPY

MUFG warns yen weakness may persist as Middle East tensions lift energy costs, yields, and unhedged outflows.

23

Mar 2026
US construction spending fell 0.3% month-on-month, missing the 0.1% rise forecast, according to latest data

US construction spending fell 0.3% in January, missing forecasts for a 0.1% rise, signaling sector slowdown.

23

Mar 2026
Societe Generale economists say the ECB may weigh early insurance rate rises, prioritising energy-shock data analysis

Societe Generale says ECB may consider earlier insurance rate hikes if energy shock boosts inflation more than growth.

23

Mar 2026
TD Securities expects the Bank of Canada to hold its overnight rate at 2.25% through 2026, despite markets pricing tightening

TD Securities forecasts Bank of Canada holding 2.25% through 2026, despite markets pricing 75 bps tightening.

23

Mar 2026
Following Trump’s delayed Iranian energy strike plans, the weakening US Dollar leaves USD/CAD directionless, with CAD steady

Canadian Dollar mixed as US dollar eased after Trump delayed Iran strikes; oil fell, limiting CAD pressure.

23

Mar 2026
Pesole at ING says risk-off conditions cap sterling gains, keeping EUR/GBP slightly above fair value estimate

EUR/GBP trades slightly above ING fair value; ECB and BoE speakers, plus PMIs, may drive moves.

23

Mar 2026
OCBC says BoE messaging drove market repricing, pricing 85bps tightening by 2026, delaying anticipated third-quarter cuts

Bank of England messaging triggered repricing; 2026 hikes priced higher, cut less certain, GBP/USD stable amid stagflation risks.

23

Mar 2026
Stephan Miran told Bloomberg policymakers should ignore headlines, as the outlook still supports prospective rate cuts

Fed Governor Miran urged patience, saying it’s premature to react to oil shocks; labour market softening supports cuts.

23

Mar 2026
MUFG analysts say CHF lags G10 peers since conflict began, as SNB intervention risks curb haven demand

Swiss franc lags G10 since Middle East conflict; SNB warns against sharp gains, but energy shock may reverse.

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