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April 14, 2025
U.S. March NY Fed Survey shows near term consumer inflation expeactations up, but longer term still anchored
14 April 2025 - 15:10
The New York Fed’s Survey of Consumer Expectations shows the 1-year inflation view at 3.58% from 3.13%, reaching its highest since September 2023. However continued with the 3 and 5 year views still well anchored the Fed should feel relief at this data.
Preview: Due April 15 - Canada March CPI - Another acceleration as sales tax holiday ends
14 April 2025 - 13:07
We expect March Canadian CPI to increase to increase to a 9-month high of 2.7% yr/yr from 2.6% in February. We also expect the Bank of Canada’s core rates to move higher, moving further above the 2.0% target.
U.S./China High Stakes Poker
14 April 2025 - 07:30
The economic hit from a hard stop in U.S. imports/exports is too damaging for both sides and our baseline is still for a truce and de-escalation, in the coming weeks. This could be negotiations on a new trade deal with a more moderate reciprocal tariff on both sides and the extra reciprocal tariffs
Chart AUD/NZD Update: Extending consolidation above 1.0700 low
14 April 2025 - 07:01
Asterisk denotes strength of level
07:00 GMT - Turned up from the 1.0700 low as prices consolidate losses from the 1.1030 high. Choppy trade expected to give way to renewed selling pressure later to retest the 1.0700 low. Below this will see scope to the trendline from the December 2022 year low at 1
Indonesia's Strategy to Counter US Tariffs
14 April 2025 - 05:06
Facing a potential 32% tariff from the US, Indonesia has launched a multi-pronged strategy to fortify trade relations and ease market access for American giants like Apple and Microsoft. The government plans to lower domestic content requirements and introduce fiscal incentives to attract US investm
Trump's Tariff Impact for Japan and BoJ
14 April 2025 - 04:28
With the latest round of "universal" tariff, Japan is being hit again by double digit tariffs despite being the nice ally of the U.S. While we see little change of Japan's retaliation, it is worth looking into the impact towards the Japanese economy as auto export that is hit hard, is one of the maj
Asia Open - Overnight Highlights
14 April 2025 - 00:00
EMERGING ASIA
EM currencies perform mostly stronger against the USD as risk atmosphere turns upbeat on potential easing of Trump's tariff to an extent. The biggest winner is KRW by 2.5%, followed by THB 1.69%, MYR 1.01%, SGD 0.85%, INR 0.75%, PHP 0.68%, TWD 0.57%, CNY 0.35%, CNH 0.3%, HKD 0.05% and I
April 13, 2025
April 12, 2025
Soaring Inflation Hits Two-Year High in March with 10.3% YoY
12 April 2025 - 10:16
Bottom Line: According to Russian Federal Statistics Service (Rosstat) data, inflation ticked up to 10.3% YoY in March after hitting 10.1% in February, remaining well above the Central Bank of Russia’s (CBR) midterm target of 4%, due to surges in services and food prices, huge military spending,