Gold steadies near $4,800 as Hormuz tensions rise; ceasefire deadline looms, oil-led inflation risks persist.
Markets steadied as US-Iran talks neared, despite Hormuz closure; oil and Vix rose, UK data awaited.
BCB framed March’s 25 bp Selic cut as calibration, prioritising 3% inflation; future adjustments depend on data.
WTI rose to $87.10 amid renewed Middle East tensions, Iran-US standoff, and Hormuz shipping disruption fears.
GBP/USD rebounded from 1.3480 gap as Middle East tensions lifted oil; dollar eased; UK sentiment weakened.
USD/CAD extended losses on softer US Dollar, while Canada CPI and Iran tensions supported the Canadian Dollar.
Canada’s March CPI rose 0.9%, lifting annual inflation to 2.4% as fuel costs surged; core eased.
Brent swung on Iran-Hormuz headlines; ceasefire hopes lifted prices, then reversal shut strait, disrupting shipping.
Sterling steadied after US–Iran jitters; UK politics and key data loom, leaving GBP/USD range-bound near 1.35.
ECB speakers precede blackout; markets lean toward June hike odds. Key eurozone surveys this week test April softness.
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