Currency market on tenterhooks as Iran war weighs on sentiment

March 11, 2026

The dollar remains stable as global markets watch the U.S.-Iran conflict. Traders are cautious, seeking clarity on the war’s duration and potential impact on energy supplies. Oil prices have surged, influencing currency markets and central bank expectations. Investors await U.S. inflation data for further direction. The International Energy Agency is reportedly considering a significant oil reserve release.

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