Breaking forex, commodities, and macro news.
The Federal Reserve kept its benchmark interest rate unchanged and revised its forecast to just one rate cut this year, citing persistent inflation above the 2% target.
Reuters
European Central Bank officials have signalled a rate cut is likely at the June meeting after eurozone inflation fell closer to target, with President Lagarde confirming conditions are being met.
Financial Times
Gold prices hit an all-time high above $2,350 per ounce as the dollar retreated on softer US data, with safe-haven demand also supported by geopolitical tensions in the Middle East.
Bloomberg
The UK economy grew by 0.1% in January, narrowly avoiding a technical recession after two consecutive quarters of contraction. Services and manufacturing both contributed to the pickup.
ONS
The dollar-yen pair is trading close to the 150.00 level as markets await the Bank of Japan's rate decision this week. Some analysts expect the BoJ to end negative rates for the first time since 2016.
ForexLive
Bitcoin fell below $67,500 for the first time in three days as profit-taking pressured the market. Analysts note the correction is healthy after BTC's recent rally to record highs above $73,000.
CoinDesk
The Australian dollar rose 0.5% against the US dollar after February employment data showed a surprise gain of 116,500 jobs, well above the 40,000 forecast.
MarketWatch
Crude oil prices fell for the second consecutive session after US inventory data showed a surprise build of 4.2 million barrels, suggesting weaker demand in the world's largest consumer.
Reuters