Trading news

The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) declined to 50.1 in March versus 51.0 prior, the latest data published by S&P Global showed on Tuesday.

The US Dollar Index (DXY) swung wildly on Monday, briefly pushing above the 100.00 level to a session high near 100.15 on early safe-haven demand before reversing sharply to settle around 99.12, down roughly 0.5% on the day.

Australia S&P Global Composite PMI: 47 (March) vs previous 52.4

Australia S&P Global Services PMI declined to 46.6 in March from previous 52.8

Australia S&P Global Manufacturing PMI down to 50.1 in March from previous 51

The Euro recovers some ground versus the US Dollar on Monday, up by 0.37%, after US President Donald Trump announced a five-day truce following productive talks between Tehran and Washington, as revealed on his social network. The EUR/USD trades at 1.1613 after bouncing off daily lows near 1.1484.

The NZD/USD pair is trading near the 0.5860 price region at the start of the Asian session, having receded almost half its intraday gains late in the American session.

South Korea Producer Price Index Growth (MoM): 0.6% (February)

South Korea Producer Price Index Growth (YoY) climbed from previous 1.9% to 2.4% in February

Standard Chartered economists argue that higher Oil and commodity prices are driving a cost‑push reflation process in China, with CPI inflation in 2026 now projected at 1.2% instead of 0.6%.

Commerzbank’s Dr. Henry Hao and Moses Lim highlight how Chinese policymakers are defending China’s large trade surplus while aiming to keep the CNY broadly stable.

The US Dollar Index (DXY) fell below the 100 mark on Monday and is now trading at 99.10, as improved risk appetite offsets support from steady yields and cautious expectations for the Federal Reserve.

ING economist Min Joo Kang argues that Shin Hyun-song’s nomination as Bank of Korea (BoK) governor points to a more hawkish policy stance, with preemptive rate hikes likely.

The Japanese Yen begins the week on a strong foot as the USD/JPY falls some 0.67% amid an improvement in risk appetite, following the White House's delay of attacks on Iran for 5 days and its claim that the US had "very productive" talks with Tehran.

Gold (XAU/USD) trims some of its earlier losses on Monday but remains down nearly 3% after falling to $4,098, its lowest level since November and near the 200-day Simple Moving Average (SMA).

AUD/USD trades little changed on Monday after recovering from earlier losses, following US President Donald Trump's decision to delay planned strikes on Iran’s energy infrastructure, easing immediate geopolitical tensions and improving overall risk appetite.

USD/CHF trades lower around 0.7870 on Monday, down 0.12% at the time of writing, as the US Dollar (USD) weakens following a temporary easing of geopolitical tensions in the Middle East.

WTI Crude Oil fell roughly 9% on Monday, falling back below $100/barrel and testing $90.00 after tracing one of the widest intraday ranges in modern oil market history.

The EUR/JPY cross trades in a tight range around the 184.00 price region, even retracing some of its intraday gains, though risk appetite remains high. The Japanese Yen (JPY) is gaining ground against the Euro (EUR).

HSBC Asset Management describes China’s stock market as notably resilient despite rising geopolitical risks and energy vulnerability. The new Five-Year Plan shifts focus toward quality growth, energy security, tech innovation and national security, with a 2026 GDP growth target of 4.5–5.0%.