Geoff Yu at BNY notes that North Asian economies face supply-related risks to their balance of payments despite ample energy reserves.

New Zealand ANZ – Roy Morgan Consumer Confidence dipped from previous 100.1 to 91.3 in March

The NZD/USD pair slipped to the 0.5760 region, remaining under pressure as the US Dollar (USD) stays firm amid elevated United States (US) yields and a cautious market mood.

Commerzbank economists Dr. Henry Hao and Moses Lim highlight that USD/THB climbed to 32.65 as Thailand’s trade balance stayed in deficit and global energy prices rose.

South Korea BOK Manufacturing BSI down to 71 in April from previous 77

The Australian Dollar tumbles for the third straight day against the US Dollar as market sentiment turns sour amid a possible escalation of the conflict amid doubts for a ceasefire agreement between the US and Iran. The AUD/USD trades below 0.6900, down 0.76%.

Recently, the US President Donald Trump announced the delay of Iran's energy plant destruction by ten days until Monday April 10, 2026, at 08:00 PM Eastern Time.

Standard Chartered economists Chong Hoon Park and Arup Ghosh update their South Korea forecasts following higher Oil prices linked to Middle East tensions. They now see 2026 CPI inflation at 2.4% versus 2.0% previously, with Oil averaging USD 85/bbl.

ABN AMRO's Senior Economist Arjen van Dijkhuizen reviews China’s macro outlook after the Iran conflict, noting stronger early‑2026 data but slightly lower GDP forecasts.

The US Dollar Index (DXY) rallied about 0.3% on Thursday, climbing from a session low around 99.56 to trade close to 99.90 as the Greenback continued to attract safe-haven interest for a third consecutive trading day.

Banco de México, known as Banxico due to its Spanish acronym, unexpectedly cut the country’s main interest rate from 7% to 6.75%.

Mexico Banxico Interest Rate Decision below expectations (7%): Actual (6.75%)

Coinbase has partnered with Nasdaq-listed mortgage and home equity finance platform Better (BETR) to introduce what it describes as "the first crypto-backed, conforming mortgages" in the United States.

Commerzbank economists Dr. Henry Hao and Moses Lim note USD/PHP rose to 60.10 after President Marcos declared a national state of emergency to tackle surging energy prices.

The US Dollar Index (DXY) surged to near 99.90, holding steady as safe-haven demand amid Middle East tensions and rate differentials underpinned the Greenback amid a cautious market mood.

The Euro (EUR) edges lower against the US Dollar (USD) on Thursday, with EUR/USD extending losses for a third consecutive session as ongoing geopolitical tensions surrounding the US-Israel war with Iran keep the Greenback firmly bid across the board.

Gold (XAU/USD) price plummets nearly 2.50% on Thursday as Oil prices rise amid uncertainty about a possible agreement between the US and Iran, adding upward pressure on inflation and pushing the Greenback higher. At the time of writing, XAU/USD trades at $4,394 after reaching a daily high of $4,544.

MUFG’s Senior Currency Analyst Lloyd Chan maintains a defensive stance on Asia FX as the US‑Iran conflict keeps external pressures elevated. Higher US yields and Oil prices are supporting the Dollar and weighing on Asian currencies such as THB, PHP and KRW.

Alan Taylor, an external member of the Monetary Policy Committee of the Bank of England (BoE), said that he currently sees a high bar to hiking the rates at a conference in New York hosted by Exante Data. He also added that the current energy shock looks more like the 2011 situation than the 2022.

NZD/USD extends its downward move on Thursday, trading around 0.5770 at the time of writing, down 0.65% on the day. The pair is now on its third consecutive day of losses after failing to hold near the 0.5900 area reached last week.

Standard Chartered Bank analysts Bader Al Sarraf and Razia Khan assess how the Middle East escalation and potential Strait of Hormuz disruptions could affect Gulf Cooperation Council (GCC) economies.

The Dow Jones Industrial Average fell around 230 points, or roughly 0.5%, on Thursday, giving back the previous session's gains as surging Oil prices and collapsing ceasefire optimism crushed risk appetite. The S&P 500 dropped 0.8%, while the tech-heavy Nasdaq Composite shed 1.1%.

United States 7-Year Note Auction increased to 4.255% from previous 3.79%

USD/CHF extends gains on Thursday as broad-based US Dollar (USD) strength persists amid rising Middle East tensions, while the Swiss Franc (CHF) struggles to gain traction as traders remain cautious about potential intervention from the Swiss National Bank to curb excessive currency appreciation.

Silver (XAG/USD) trades lower on Thursday, hovering around $68.50 at the time of writing, down 3.85% on the day, extending its pullback after earlier gains this week.

The USD/JPY trades higher near the 159.70 level on Thursday, March 26, maintaining an overall bullish bias as the US Dollar (USD) remains supported while the Japanese Yen (JPY) stays under pressure.

ING’s Francesco Pesole notes that Norges Bank delivered a hawkish shift, signalling upcoming rate hikes as inflation concerns extend beyond the energy shock. The bank now fully prices at least one hike in its projections, while ING expects only one move given its bearish Oil and gas baseline.