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US Dollar Index (DXY) nears 10-month highs amid Middle East tensions
The US Dollar Index (DXY), which measures the Greenback's value against a basket of six major currencies, extends its advance on Friday and is set for a second consecutive weekly gain amid escalating Middle East tensions, which continue to boost demand for the US Dollar (USD).
Asian FX: Energy shock risks weigh on outlook – MUFG
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asian currencies and rates are vulnerable as the Iran conflict threatens Oil supply via the Strait of Hormuz.
USD/ZAR: Rand unwind extends – ING
ING’s Chris Turner explains that previously popular long South African Rand positions are being unwound as low inflation comes under pressure, volatility rises and precious metals lose momentum.
United States Baker Hughes US Oil Rig Count increased to 412 from previous 411
United States Baker Hughes US Oil Rig Count increased to 412 from previous 411
WTI Oil prices steady near $95 as strategic reserves offset Middle East supply risks
West Texas Intermediate (WTI) US Oil trades around $95.30 on Friday at the time of writing, virtually unchanged for the day, as markets balance supply relief measures with escalating geopolitical risks in the Middle East.
Gold struggles as Oil-driven inflation fears weigh on global interest rate outlook
Gold (XAU/USD) extends its losses on Friday and remains on course for a second weekly decline as surging Oil prices stemming from the ongoing US-Iran war fuel inflation concerns and trigger a hawkish repricing of global interest-rate expectations, weighing on the non-yielding metal.
EM FX: Flows rotate on energy and risk – BNY
BNY’s iFlow data show heightened risk aversion, with bond buying concentrated in G10 and Eurozone debt while EM sovereigns are sold. FX flows highlight outflows from INR and EUR against demand for CNY and ZAR.
United Kingdom NIESR GDP Estimate (3M) unchanged at 0.3% in February
United Kingdom NIESR GDP Estimate (3M) unchanged at 0.3% in February
Silver slides below $81 as US Dollar Index hits a nearly four-month high
Silver (XAG/USD) price extends its losses for the third straight day on Friday, down over 2.90%, as Oil prices recover even though US President Donald Trump lifted sanctions on Russian Oil for 30 days, and the US Dollar trades near four-month highs.
GBP/USD Price Analysis: Cable slips to three-month low amid firmer US Dollar
The GBP/USD pair is trading near the 1.3240 price region, falling for a fourth consecutive day, reaching lows it hasn’t touched since December 3, 2025. The downfall of the Great British Pound (GBP) is attributed to a firm US Dollar (USD) amid risk aversion.
Russia Consumer Price Index (MoM) above expectations (0.6%) in February: Actual (0.7%)
Russia Consumer Price Index (MoM) above expectations (0.6%) in February: Actual (0.7%)
USD/CAD: Range trading holds above 1.37 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar is sliding on weaker Canadian employment data and geopolitical concerns, even as US data also softens.
Sweden: Low inflation keeps Riksbank sidelined – Nordea
Nordea’s Torbjörn Isaksson reports that Swedish CPIF and CPIF ex energy were confirmed at low year-on-year levels, with seasonally adjusted core measures well below the 2% target. Despite a bounce in core services inflation, overall pressures remain subdued.
USD/JPY edges higher, buoyed by US Dollar strength amid intervention risks
USD/JPY trades around 159.50 on Friday at the time of writing, up 0.10% on the day. The pair remains close to recent highs, supported by the continued strength of the US Dollar (USD) and a still-wide interest rate differential between the United States (US) and Japan.
Pound Sterling Price News and Forecast: GBP/USD falls as Middle East war continues to escalate
The GBP/USD pair is trading near the 1.3350 level, losing ground for the third consecutive day amid intensifying tensions in the Middle East.
USD/CAD reclaims 1.3700 amid weak Canadian employment data and firm USD demand
USD/CAD extends its advance on Friday as the Canadian Dollar (CAD) weakens across the board after Canada’s latest employment report surprised to the downside, while firm US Dollar (USD) demand amid the ongoing US-Iran war adds further pressure on the Loonie.
CAD: Resilient but seen lower against USD – TD Securities
TD Securities analysts expect the Canadian Dollar (CAD) to show relative resilience versus non-USD peers thanks to Oil links, lower beta to risk-off and cleaner positioning.
JOLTS Job Openings rose to 6.94 million in January, beating expectations
The number of job openings in the US was little changed at 6.94 million in January, while for December it was revised upward to 6.55 million from the 6.54 million previously reported, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Friday.
GBP/USD: Oversold slide targets 1.30 - 1.32 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Pound is underperforming against the Dollar, hurt by risk sentiment and a surprise contraction in UK industrial production.
US UoM Consumer Sentiment Index is seen at 55.5 in March
American consumer confidence deflated in early March, as households grew more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.
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