Putin agrees to a ceasefire from Russia and Ukraine, oil prices reverse V, pay attention to Fed interest rate resolution

The US dollar index continued its recent decline on Tuesday, with the euro strengthening as the German parliament approved a large-scale spending plan. Investors focus on the Federal Reserve's March policy meeting, and the market is looking forward to finding clues about the direction of US interest rates.

According to the U.S. economic data on Tuesday, U.S. import prices rose by 0.4% month-on-month, avatradescn.compared with the previous month. The median expectation of 28 economists was flat on the same month-on-month; import prices in February rose 2% year-on-year; import prices that exclude oil rose 0.4% month-on-month and 0.1% in January; export prices rose 0.1% month-on-month and 1.3% in January, up 2.1% year-on-year.

The number of new homes started in the United States in February increased to 1.501 million, higher than expected. According to U.S. government data, the number of new homes started in February rose to an annualized rate of 1.501 million units, avatradescn.compared with 1.35 million units in the previous month, and expected to be 1.385 million units.

Asian Market

RBA Chief Economist and Assistant Governor Sarah Hunter strengthened the central bank's cautious stance on further rate cuts. She stressed in a speech today that while the rate cut in February was considered an appropriate time to “eliminate some restrictions,” the board “was more cautious about the prospect of further easing than the market.”

Hunt stressed that U.S. policymaking and its impact on the global economy are "one of the things we are concerned about now."

She added that policy decisions are always made in uncertain environments, where baseline predictions are just one of many possible scenarios, not future scenariosavatradescn.com strict roadmap. The link between economic forecasting and interest rate decisions is "non-mechanical".

In addition, Australian Treasury Secretary Jim Chalmers admitted that the direct impact of U.S. tariffs on Australia is "worrying, but controllable." But he warned that the greater risk lies in the broader global trade war. He described the current environment as a "new world full of uncertainty" and the spillover effects of increased trade tensions could have far-reaching impacts on the Australian economy.

European Market

German federal parliamentarians approve the Defense and Infrastructure Expenditure Act and set up a 500 billion euro infrastructure fund.

U.S. Market

U.S. Treasury Secretary: The reciprocal tariff rate on April 2 depends on the country, and some countries may be lower; ②U.S. Secretary of avatradescn.commerce: avatradescn.committed to attaching export controls to trade agreements.

The US Treasury Secretary: There is no reason to think that there will be an economic recession. Trump demands reflection on sanctions policies that threaten the dollar's status.

Canada's CPI broke through the 2% mark for the first time in seven months, and unexpectedly jumped to 2.6%. After the data was released, the Canadian swap market expects the probability of the Bank of Canada's interest rate cut in April to be 30%, avatradescn.compared with 43% before the data was released.

CME Group has removed several gold and silver futures contracts.

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