UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
UK House Prices Fall for First Time Since 2023 
China to Inject $45 Billion Into State Financial Institutions 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
South Korea GDP Surges on Chip and AI Boom 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
China Inflation Accelerates in August as CPI, PPI Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
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The U.S. dollar hovered near a five-month low on Monday, pressured by President Donald Trump’s trade policies and weak economic data. The euro remained strong after German parties agreed on a fiscal deal to boost defense spending and economic growth.
Goldman Sachs analysts noted two key market shifts: a downturn in U.S. assets due to tariff volatility and a fiscal boost in Germany, challenging the narrative of U.S. economic dominance. The euro traded at $1.0881, slightly below last week’s peak of $1.0947.
Germany’s incoming Chancellor Friedrich Merz secured Green Party backing for a major borrowing plan, including a €500 billion infrastructure fund. The deal is expected to pass the outgoing parliament next week.
The Japanese yen stayed near a five-month high, supported by hawkish Bank of Japan signals ahead of its Wednesday policy decision. The U.S. Federal Reserve is also expected to hold rates steady.
China’s yuan approached a four-month high in offshore trading, ahead of a key press conference on domestic consumption stimulus. The dollar index stood at 103.71, close to last Tuesday’s five-month low of 103.21, marking a 6% decline from its January peak.
U.S. consumer sentiment hit a two-and-a-half-year low in March, with inflation fears rising due to Trump’s tariffs. The dollar was stable at 148.70 yen, while the BOJ considers rate hikes amid rising wages.
China unveiled a plan to boost domestic consumption through income growth and childcare subsidies. The Australian dollar edged up to $0.6328, while the British pound slipped to $1.2927.
Bitcoin fell 0.5% to around $82,847.
