Australian Dollar Forecast: Will the 0.7120 Breakout Trigger a Run to 0.7200?.AUD/USD presses into a critical 0.7120 breakout zone on March 20, 2026, as RBA rate hike bets and 48.9K new jobs clash with a resurgent 99.70 US Dollar Index. Discover if the “Hormuz inflation” shock will propel the Aussie toward 0.7200.

AUD/JPY Price Forecast: Strengthens on bullish technical momentum above 100-day EMA.AUD/JPY Price Forecast: Strengthens on bullish technical momentum above 100-day EMA

US Dollar gains momentum to near 99.50 amid Fed hawkish hold, Middle East tensions.US Dollar gains momentum to near 99.50 amid Fed hawkish hold, Middle East tensions

USD/JPY Price Forecast: 20-day EMA acts as key support zone around 157.50.USD/JPY Price Forecast: 20-day EMA acts as key support zone around 157.50

USD/JPY Buyers Stay Active as Pair Eyes Higher Levels.Looking at the 4-hour chart, the pair traded below a bullish trend line with support at 158.85. The pair even dipped below 158.00 and tested the 100 simple moving average (red, 4-hour).

Rupee hits record low as Iran war-spurred economic risks mount.The Indian rupee fell to a record low on Friday, deepening ​losses driven by a disruption of global ‌energy supplies amid the war in the Middle East, which threatens to upset the growth-inflation ​balance for Asia's third-largest economy.

Rupee set for all-time low on oil fears, pullback in crude from highs offers relief.The Indian rupee is set to weaken toward a lifetime low on Friday, pressured by persistently high oil prices, although a ​pullback from recent highs in crude is likely to limit ‌the extent of losses.

Dollar toppled as oil shock turns central banks hawkish.The dollar slid from multi-month highs this week as soaring energy prices upended the outlook for global interest rates, with the U.S. Federal Reserve left alone as the only major central bank that is not expected to hike rates this ​year.

Oil prices retreat, bonds struggle on hawkish rate repricing as Iran war rages.Oil prices eased on Friday while bonds were nursing losses, after global central bankers sounded the alarm on inflation risks stemming from the ongoing war in ​the Middle East that has sent markets into a tailspin.

Canadian Dollar ticks up after Thursday's downfall ahead of Retail Sales data.Canadian Dollar ticks up after Thursday's downfall ahead of Retail Sales data

NZ exports hit by soft China and Japan demand.New Zealand's trade balance reported a deficit of NZD -257m in February as imports surged far ahead of modest export gains. Goods exports edged up just 0.4% yoy to NZD 6.6B, while imports jumped 12% yoy to NZD 6.9B.

BOE Announced “Hawkish Hold” As Inflation Risks Rose on US-Iran War.The BOE voted unanimously to keep Bank Rate on hold at 3.75% at its March 2026 meeting thanks to a sharp spike in global energy prices triggered by conflict in the Middle East.

Australian Dollar weakens as Australian Unemployment Rate rises, PBOC holds rates steady.Australian Dollar weakens as Australian Unemployment Rate rises, PBOC holds rates steady

Cliff Notes: Fear Overwhelms.Among the plethora of major central bank decisions this week, the RBA stood out from the pack, delivering a 25bp rate hike which took the cash rate to 4.10%. The widely expected decision was finely balanced in the end, the 5-4 split vote coming down to a difference in opinion over timing – the minority believing they had the opportunity to assess more data before acting.

The US Dollar Dives after FOMC, Long-Term Reversal Incoming? – Dollar Index (DXY) Outlook.The USD serves as the denominator for global commodity trade, so when commodities suddenly appreciate, particularly Crude Oil, it tends to force large currency conversions towards it. Many economic actors rushed to hedge against the conflict by buying more expensive energy commodities, creating a dollar demand cascade.

ECB Review: ECB Remains Calm; Receive April Meeting.The ECB left the deposit rate unchanged at 2.00%, as expected by both markets and analysts. Lagarde struck a calm and balanced assessment of the implications of higher energy prices, which suggests that the ECB is not in a hurry to hike interest rates.

China PBoC Interest Rate Decision in line with expectations (3%).China PBoC Interest Rate Decision in line with expectations (3%)

WTI drifts lower to near $93.50 as US and Israeli leaders seek to calm Middle East war concerns.WTI drifts lower to near $93.50 as US and Israeli leaders seek to calm Middle East war concerns

Japan's Takaichi: Trump and I discussed legal limits to Japan's help on Hormuz.Japan's Takaichi: Trump and I discussed legal limits to Japan's help on Hormuz

Israel's PM Netanyahu says he 'acted alone' in attack on Iranian gas field.Israel's PM Netanyahu says he 'acted alone' in attack on Iranian gas field

WTO cuts global trade outlook, says Middle East conflict lifts energy risks.The World Trade Organization has downgraded its outlook for global trade and economic growth, warning that a prolonged Middle East conflict could have a deeper-than-expected impact on the global economy. Credit: Wall Street Journal.

EU urges halt to strikes on energy and water infrastructure amid Middle East supply risks.EU urges halt to strikes on energy and water infrastructure amid Middle East supply risks

USD/JPY slides back below 158.00 on broad Yen strength.USD/JPY slides back below 158.00 on broad Yen strength

GBP/JPY Price Forecast: Stalls as bulls eye breakout above 212.73.GBP/JPY Price Forecast: Stalls as bulls eye breakout above 212.73

Financial & Forex Market Recap: March 19, 2026.Thursday's session saw gold plunge over 3%, the U.S. dollar post one of its sharpest declines since the Iran war began, as central banks struck hawkish tones.

New Zealand February trade deficit narrows, exports and imports both beat expectations.New Zealand February trade data: balance -NZ$257M vs -NZ$740M expected (prev. -NZ$519M) imports NZ$6.89B vs NZ$6.20B expected (prev.

New Zealand Trade Balance NZD (YoY) down to $-3B in February from previous $-2.3B.New Zealand Trade Balance NZD (YoY) down to $-3B in February from previous $-2.3B

TRADING DAY Bracing for global rate hikes.Wall Street fell on Thursday in highly volatile trading that saw huge swings in world stocks, bonds and oil prices, as traders began to price in global interest rate hikes to counter the inflationary pressures of the Middle East energy crisis.

Crude Oil Price Forecast: Key Support Holds, Short-Term Upside.Crude oil tests support near the 10-day average; short-term bullish momentum may continue if support holds, while a breakdown could signal renewed downside risk.

Natural Gas Price Forecast: Critical Support and Resistance Levels.Natural gas tests support near $2.90–$2.81 while consolidating between trend lines; how price reacts will determine if short-term bullish momentum continues or downside pressure resumes.