交易新闻

The US Dollar (USD) is being supported by crude oil prices, which rose to its highest level since July 2024, amid headlines of potential interruptions to the Strait of Hormuz and attacks on vessels in the region.

WTI surged over 6% on Thursday, blowing through $80 per barrel for the first time since June 2024 and extending one of the sharpest rallies in recent years.

ING’s Chief Economist for Greater China, Lynn Song, notes that China has lowered its 2026 GDP growth target to 4.5–5.0% after three years of “around 5%”, signalling tolerance for slightly slower expansion while keeping long-term ambitions intact.

USD/CHF rose about 0.44% on Thursday, pushing back above 0.7830 in a session that extended the recovery from last week's lows near the 0.7700 area.

DBS Group Research economist Radhika Rao discusses Fitch Ratings’ decision to cut Indonesia’s sovereign rating outlook to negative while affirming the BBB rating, following a similar move by Moody’s.

The New Zealand Dollar plummets during the North American session as high US Treasury yields underpin the Greenback, which is registering a new two-day high as the Middle East conflict escalates.

Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.

TD Securities analysts note that changes in trading conditions will not dramatically alter Canada's growth outlook, pointing to manufacturing's small GDP share and pre-existing investment weakness.

Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been one of the better performing G10 currencies recently, supported by reduced expectations for Bank of England easing.

Silver (XAG/USD) trades lower on Thursday, falling toward $82.20 at the time of writing, down 1.18% on the day. The precious metal is under pressure as the US Dollar (USD) rebounds following the release of stronger-than-expected US economic data.

The Dow Jones Industrial Average was down 840 points, or 1.73%, to 47,885 at the time of writing, giving back all of Wednesday's gains and then some. The S&P 500 fell 0.82% to around 6,810, while the Nasdaq Composite dipped 0.50% to the 22,690 region.

United States 4-Week Bill Auction: 3.64% vs 3.625%

Scotiabank strategists Shaun Osborne and Eric Theoret note that for the US, focus is on incoming data and the Federal Reserve outlook as markets approach the March 18 FOMC meeting.

Nordea’s Chief Analyst Jan von Gerich expects the ECB to stay on hold for now while closely monitoring how the Middle East conflict affects Euro-area growth and inflation.

AUD/USD trades around 0.7010 on Thursday at the time of writing, down 0.95% on the day, as the US Dollar continues to draw support from relatively strong US macroeconomic data and cautious market sentiment.

United States EIA Natural Gas Storage Change registered at -132B, below expectations (-122B) in February 27

The Pound Sterling resumed its downtrend during the week, courtesy of heightened tensions in the Middle East and solid US employment data ahead of Friday's Nonfarm Payrolls report. At the time of writing, the GBP/USD trades at 1.3337, down 0.25%.

TD Securities analysts see the Bank of Canada balancing trade uncertainty, higher Oil prices and domestic demand. They say GDP must run above potential to avoid disinflationary risks and rate cuts, and that Q1 data will be pivotal.

ING’s Chris Turner notes that persistent geopolitical risks in the Middle East and elevated energy prices are supporting the Dollar. Turner expects DXY to drift towards the upper end of recent ranges, and highlights the concerns over US private credit.

Scotiabank analysts Shaun Osborne and Eric Theoret highlight that the Canadian Dollar is uniquely resilient, remaining the only major currency to hold steady against the US Dollar since the US/Iran conflict began.