Forex Today: Markets remain on edge as Middle East chaos spreads
Here is what you need to know on Monday, March 30:
JPY: Policy hints and intervention risk support Yen – Deutsche Bank
Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary.
Austria Producer Price Index (MoM) remains at 0.1% in February
Austria Producer Price Index (MoM) remains at 0.1% in February
Austria Producer Price Index (YoY): -1.4% (February)
Austria Producer Price Index (YoY): -1.4% (February)
USD/CHF rebounds toward two-month highs near 0.8000 as KOF index weakens
USD/CHF continues its winning streak for the fifth successive day, trading around a two-month high of 0.8000 during the early European hours on Monday.
NZD/USD Price Forecast: Attracts bids near 0.5725 as risk-on revives
The NZD/USD pair claws back its early losses and flattens around 0.5745 during the early European trading session on Monday. The Kiwi pair bounces back from its over two-month low of 0.5725, the lowest low seen in over two months.
Turkey Economic Confidence Index: 97.9 (February) vs previous 100.7
Turkey Economic Confidence Index: 97.9 (February) vs previous 100.7
Spain Retail Sales (YoY) came in at 2.2%, below expectations (3.8%) in February
Spain Retail Sales (YoY) came in at 2.2%, below expectations (3.8%) in February
Oil: Higher-for-longer price path as conflict extends – Societe Generale
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem argue that Brent now faces a higher-for-longer regime as the US–Israel–Iran confrontation delays the reopening of the Strait of Hormuz into April.
BoJ’s review on the concept and measurement of underlying inflation
Underlying inflation must be judged comprehensively by examining a wide range of information on economic activity and prices from multiple perspectives.
USD: Conflict-driven support persists on energy risks – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan notes that the US–Iran conflict and threats to Middle Eastern energy infrastructure are keeping energy risk premia elevated, supporting the Dollar.
Gold: Risk‑asset behaviour complicates case – HSBC
HSBC Asset Management notes that Gold has sold off sharply despite heightened geopolitical tensions and a stronger Dollar, behaving more like a risk asset in 2026.