OANDA Senior Market Analyst Kelvin Wong joins Johnny Hart to discuss the week's key economic data and events. First, a possible scenario regarding the subsequent trajectory of oil prices, which rose 13% last month amid geopolitical tensions in the Middle East due to fears of retaliation between Israel and Iran.
Second, the negative impact of higher oil prices on risk assets such as world stock indexes through the channel of higher funding costs through the rise in the US 10-year Treasury yield, which exceeded a key technical level of 4.50% last week. be. Third, if first-quarter GDP, retail sales, and industrial production in March are disappointing, the currency war could intensify through a weaker renminbi to boost China's export growth.
Finally, look at March inflation data for the UK and Japan. Especially considering the sharp depreciation of the yen, which plummeted to a 34-year low against the US dollar.
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