The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
The impact of the weekend’s U.S. capture of Venezuelan President Nicolas Maduro was short-lived, with currencies largely unaffected. Amo Sahota, director at Klarity FX, said there was no risk-off sentiment, noting the situation remained isolated.
The dollar rose 0.49% to 0.795 against the Swiss franc and 0.14% to 156.6 against the Japanese yen. Sahota highlighted that attention is on the U.S. labour market, with ADP and job openings reports due this week, followed by the main jobs report on Friday.
Markets are also digesting comments from Federal Reserve officials on interest rates. Richmond Fed President Tom Barkin said any rate changes must be “finely tuned” to incoming data, while Minneapolis Fed president Neel Kashkari warned of potential upward pressure on unemployment.
The euro weakened to $1.169 as inflation slowed more than expected in Germany and France, pushing European government bond yields down around three basis points. The pound also fell, last trading at $1.3504.
The U.S. dollar index rose 0.19% to 98.57. The Australian dollar hit a one-year high at $0.6739, while the offshore Chinese yuan remained stable at 6.981, and the New Zealand dollar eased 0.1% to $0.5782.
Investors remain focused on the outlook for U.S. monetary policy and future European inflation trends.
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Grammy-winning rapper Megan Thee Stallion was hospitalised in New York City after she fell ill mid-performance during a Broadway production of 'Moulin Rouge! The Musical'.
A Russian military An-26 aircraft has crashed in Crimea, killing all 29 people on board, Russia’s Defence Ministry has confirmed.
President Donald Trump said the United States could end its military attacks on Iran within two to three weeks and Tehran did not have to make a deal as a prerequisite for the conflict to wind down.
There are fears of an oil spill after a drone strike hit a Kuwaiti oil tanker near Dubai on Tuesday, while U.S.-Israeli strikes in Iran reportedly killed at least two people. A loud explosion was heard in Beirut in southern Lebanon early Wednesday, as oil prices climbed above $100 a barrel.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
The Iran-U.S.-Israel conflict is intensifying, with fresh strikes near Tehran, European calls for restraint, and Iran threatening to target U.S. firms in the region, raising fears of a broader escalation across the Middle East.
The war in Iran has rapidly upended regional security, triggering spillover across the Middle East and raising fears of wider economic disruption that could threaten globalisation.
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for the second time since the U.S.-Israeli war began on Tehran. It said two drones from Yemen were intercepted early 30 March but gave no further details.
Japan’s growing interest in Caspian crude reflects a pragmatic response to uncertainty in global energy markets and its continued reliance on the Middle East for more than 90% of its oil imports.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism.
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