EUR/USD
1.15579
-0.259%
Gold
4501.57
-3.165%
Oil
96.968
2.893%
USD/JPY
159.297
0.997%
GBP/USD
1.33332
-0.723%
GBP/JPY
212.398
0.318%
Real-time News
On March 21st, HSBC stated that the Federal Reserve maintained its policy rate at 3.50%-3.75% at its March meeting, hinting at a "wait-and-see" approach. Persistent inflation and rising geopolitical risks have created uncertainty for the Fed. We maintain our previous view that the Fed will keep rates unchanged in 2026 and 2027. Inflation risks have increased, particularly due to soaring energy prices, while labor market risks have slightly decreased. Energy price volatility and geopolitical risks should continue to support safe-haven demand and a stronger dollar.Iraq says Iranian natural gas supplies have resumed, with a daily supply of 5 million cubic meters.On March 21, Brazilian President Lula da Silva stated during a visit to an oil refinery in Minas Gerais state on March 20 that the escalating conflict in the Middle East necessitates that Petrobras and the government "establish strategic oil reserves" to cope with any potential consequences of the conflict. He warned that if the war continues, and if the United States were to destroy the Strait of Hormuz, the oil crisis "will only worsen." Previously, on March 12, the Brazilian government announced the exemption of import and sales taxes on diesel fuel, while imposing a 12% export tax on crude oil to mitigate the spillover risks from the Middle East situation.An Iranian military spokesman said the United States and Israel are targeting civilian and passenger ships in the Gulf region and warned of retaliatory action.Egypts Ministry of Petroleum: Egypt will pay $1.3 billion in outstanding payments to international oil companies by the end of June.
