EUR/USD
1.15317
-0.498%
Gold
4643.93
-2.400%
Oil
102.429
8.740%
USD/JPY
159.455
0.408%
GBP/USD
1.32194
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GBP/JPY
210.758
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Real-time News
Dallas Fed President Logan, a 2026 FOMC voting member, will speak in ten minutes.On April 2nd, the International Monetary Fund (IMF) stated that although US inflation is expected to fall back to the Federal Reserves 2% target in the first half of next year, policymakers have little room for interest rate cuts this year. According to the IMFs annual assessment of the US economy, IMF staff anticipate only one opportunity for a rate cut by the end of 2026. "Overall, staff believe there is limited room for policy rate cuts over the next year. More significant monetary easing would require a significant deterioration in the labor market outlook and no increase in inflationary pressures, given the recent rise in oil and commodity prices leading to upward inflation expectations," the IMF Executive Director noted in a separate statement. Given the Feds current near-neutral policy, "there is limited room for rate cuts in 2026, especially considering rising energy prices, the transmission effects of core inflation, and the upside risks to global commodity prices, which could further delay the achievement of the inflation target."The S&P 500 Energy Index opened 2.1% higher.On April 2nd, Iranian Parliament Speaker Mohammad Ghalibaf stated that seven million Iranians are ready to resist any US ground invasion of Iran. Ghalibaf, who has been considered a potential negotiator with the US, has posted a series of online challenges to the US since the start of the conflict. “Currently, in less than a week, a powerful nationwide movement has brought about approximately seven million Iranians to their feet, declaring their readiness to take up arms and defend our country,” Ghalibaf wrote. Iran is a country with a population of approximately 90 million. The source of this figure is unclear, but Iranian state media and SMS propaganda campaigns have been urging citizens to enlist.April 2nd - According to Japanese media reports on the 2nd, due to the protracted conflict in the Middle East and rising oil prices, All Nippon Airways (ANA) and Japan Airlines (JAL) will significantly increase fuel surcharges on international routes starting in June. The Japanese aviation industry typically adjusts fuel surcharges every two months. For example, for one-way flights from Japan to Europe and North America, compared to prices in April and May, ANA will increase its fuel surcharge by 23,100 yen (approximately 159 yen to 1 US dollar) to 55,000 yen starting in June, while JAL will increase its fuel surcharge by 21,000 yen to 50,000 yen, both increases exceeding 70%.
