US Dollar Near 18-Month High Ahead of Inflation Data 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
RBA Signals More Rate Hikes as Inflation Risks Rise 
Gold Prices Rise Above $4,200 as Russia-Ukraine Energy Truce Eases Oil Concerns 
RBI Rate Hike Bets Surge as Inflation Rises 
Fed Minutes Signal Another Rate Hike by Year-End 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings 
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Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI edged higher in March to 52.9
- Australia: ANZ commodity price index grew 0.4 percent in March.
Upcoming:
- Spain: Markit services PMI for March will be reported at 7:15 GMT.
- Japan: BoJ governor Kuroda’s speech scheduled at 7:15 GMT.
- Italy: Services PMI report will be released at 7:45 GMT, followed by wage inflation report at 9:00 GMT.
- France: Services PMI report for March will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Services PMI report will be released at 8:00 GMT.
- United Kingdom: Markit services PMI report will be released at 8:30 GMT.
- United States: MBA mortgage report at 11:00 GMT, followed by ADP employment report at 12:15 GMT. Markit services PMI report will be released at 13:45 GMT and ISM non-manufacturing PMI report at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes of meeting at 18:00 GMT.
