Makro Haberleri

Christopher Waller, a member of the Federal Reserve (Fed), speaks about the economic outlook and monetary policy at Auburn University in Alabama on Friday. He stated that the break-even rate for the job market is currently likely around zero.

Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, spoke at the University of California-Berkeley's Fisher Center on Friday. She indicated that, at this point, she is observing whether higher oil prices are affecting the prices of other goods and services.

Volkmar Baur at Commerzbank flags surging trade and current account surpluses in China, Taiwan and South Korea alongside weak currencies versus Euro (EUR) and, for the Won (KRW), even versus US Dollar (USD).

Nordea’s Ole Håkon Eek-Nielsen and Jan von Gerich now expect the ECB to deliver four consecutive 25 bp rate hikes starting in June, despite recent ceasefire news in the Middle East.

Christine Lagarde, President of the European Central Bank (ECB), gave a statement at the fifty-third meeting of the International Monetary and Financial Committee (IMF) on Friday.

ING keeps a mildly bearish profile for USD/CAD into year‑end, driven mainly by expected Dollar weakness once the Federal Reserve resumes cutting in 3Q. Canada’s domestic backdrop is less supportive, with the Bank of Canada worried about upcoming USMCA talks and jobs.

Nordea analysts Ole Håkon Eek-Nielsen and Jan von Gerich argue that higher energy and commodity prices, together with tight labour markets and solid demand, make Federal Reserve (Fed) rate cuts unlikely.

DBS Group Research’s Philip Wee notes that EUR/USD’s recent advance stalled after repeated failures to break 1.18, as the European Central Bank (ECB) pushes back against expectations for an April rate hike.

The Australian Dollar (AUD) outperforms its major currency peers, trading 0.16% higher to near 0.7175 ahead of the opening of United States (US) markets during the European trading session on Friday.