News
What are the main events for today?
1+ hour, 40+ min ago (297+ words) In the European session, we don't have anything on the agenda other than the final Eurozone CPI report. The preliminary figures saw the headline CPI Y/Y rising to 1.9% vs 1.7% prior, and the Core CPI Y/Y to 2.4% vs 2.2% prior....
Iraq-Turkey Pipeline (ITP) to resume at a rate of 250,000 barrels to start with
2+ hour, 55+ min ago (313+ words) This was the big news from earlier today but let's put things into context based on what the numbers are saying. From earlier: Iraq, KRG agree to resume Ceyhan oil exports as Hormuz disruption tightens supply The Iraqi state news…...
USA₮Turns Times Square Green to Promote Digital Dollar Payments
3+ hour, 1+ min ago (368+ words) The mechanic is simple by design. Scan. Download. Receive. It is the same technology that already moves money for more than 550 million people worldwide, now available to anyone walking through Times Square with a smartphone in their pocket. Stablecoins are…...
Is the dollar run higher beginning to run out of gas?
4+ hour, 53+ min ago (514+ words) Amid a better risk mood so far this week, the dollar has also struggled a fair bit. The fate of the currency seems tied to oil prices, which are also losing a bit of traction despite WTI crude keeping above…...
Swiss franc still the pick of the bunch for now - Goldman Sachs
1+ mon, 3+ week ago (469+ words) Goldman Sachs is arguing this point from the perspective of central bank subordination risks, and notes that the Swiss franc is the "best placed global FX hedge" for that. But the firm also adds in other factors as to why…...
Citi flags risk of three BOJ hikes in 2026 if yen weakness persists. Watch USD/JPY 160
1+ mon, 4+ week ago (309+ words) Citi puts USD/JPY at the centre of the BOJ reaction function, with 160+ the level that could drag rate hikes forward. Citi's Hoshino sees risk of three BOJ hikes if yen stays weak USD/JPY > 160 could bring an April move…...
Private survey inventory shows a huge headline crude oil build much larger than expected
13+ hour, 35+ min ago (195+ words) Additional disruptions have compounded the situation. Operations at the Shah gas field, a major supplier to the UAE's domestic grid, remain suspended following an earlier attack, while maritime security risks continue to escalate. A Kuwait-flagged tanker was struck near Fujairah…...
China firms ramp up FX hedging as yuan strength threatens export earnings
9+ hour, 14+ min ago (385+ words) Chinese firms boost FX hedging to record levels as yuan strength pressures exporters. Chinese firms ramp up FX hedging as yuan strengthens Net forward settlement contracts hit record $107bn in February Yuan strength driven by dollar weakness, firm PBoC fixing, and…...
U.S. Treasury auctions of $13 billion of 20 year notes at a high yield of 4.817%
17+ hour, 21+ min ago (211+ words) The international buyers were strong taking nearly 70% of the issue. The bid to cover was stronger than the average. The tail showed a willingness to pay up to get the issue. The domestic buyers were lower-than-expected as they were outbid…...
Iraq, KRG agree to resume Ceyhan oil exports as Hormuz disruption tightens supply
11+ hour, 24+ min ago (483+ words) Iraq restarts Ceyhan pipeline exports, offering rare supply relief amid Hormuz disruption. Iraq and KRG agree to resume oil exports via Turkey's Ceyhan pipeline Flows expected to restart with initial volumes from Kirkuk fields Deal includes joint coordination and enhanced…...