South Korea Gross Domestic Product Growth (QoQ) registered at -0.2% above expectations (-0.3%) in 4Q

South Korea Gross Domestic Product Growth (YoY) below forecasts (1.7%) in 4Q: Actual (1.6%)

NZD/USD rose about 0.6% on Monday, closing near 0.5950 after knocking on 0.5850 in the early session.

AUD/USD jumped about 0.8% on Monday, closing just shy of 0.7100 in a session that erased a large portion of last week's pullback.

Commerzbank’s Volkmar Baur sees growing evidence that China is exiting deflation, with consumer prices up 1.3% year-on-year in February and producer prices turning higher month-on-month. Rising services and food prices underpin this shift.

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) expanded its digital asset holdings last week, adding 60,976 ETH. That figure represents its largest purchase since last December.

Silver price climbs over 2% on Monday as the Greenback pares some of its previous gains, a tailwind for the precious metals segment. At the time of writing, XAG/USD trades at $86.35 after bouncing off daily lows of $79.66.

News that several countries have cut Oil output hit the financial markets on Monday as Oil producers claimed they are unable to export through the Strait of Hormuz amid threats from Iran.

The US Dollar Index (DXY) slipped about 0.2% on Monday after touching a 15-week high near 99.70 in the early session. The index gapped higher at the open before sellers stepped in, pushing price back toward the 99.00 area by the close and leaving a long upper wick on the daily candle.

USD/JPY advances for the third straight day, gains 0.07% on Monday as the Greenback remains underpinned due to the Greenback’s safe-haven appeal, and expectations for a less dovish Federal Reserve. The pair trades at 158.02 at the time of writing.

The Canadian Dollar (CAD) struggles to build on gains against the US Dollar (USD) on Monday as a sharp pullback in Oil prices weighs on the commodity-linked Loonie, even as the Greenback trades under pressure.

Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.

United States (US) President Donald Trump told NBC News that he did not want to discuss whether he would like the US to seize iranian Oil, adding that he believes its too soon to talk about it on Monday.

MUFG’s Senior Currency Analyst Michael Wan assesses how higher Oil prices and a prolonged Strait of Hormuz closure could affect Bangko Sentral ng Pilipinas policy.

ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate.

USD/JPY trades around 158.10 on Monday at the time of writing, up 0.10% on the day, as markets react to heightened geopolitical tensions in the Middle East and sharp moves in the energy market.

West Texas Intermediate (WTI) Crude Oil gained about 5% on Monday, but the headline figure disguised a wild session.

The cryptocurrency market is regaining momentum amid the war in the Middle East, with Bittensor (TAO) and Grass (GRASS) posting notable gains at the time of writing on Monday, driven by rising investor interest and improving technical indicators.

National Bank of Canada (NBC) economists Alexandra Ducharme and Jocelyn Paquet expect Canada’s February Labour Force Survey to show a 10K employment gain after January’s decline, but projects the unemployment rate rising to 6.7% as participation ticks up to 65.2%.

The Dow Jones Industrial Average (DJIA) opened sharply lower on Monday as a weekend escalation in the US-Iran conflict sent crude Oil prices surging past $100 per barrel.

EUR/USD regains ground on Monday after opening the week with a bearish gap. The recovery comes as the US Dollar (USD) gives up earlier gains, allowing the Euro (EUR) to rebound from its lowest level in more than three months.

The British Pound losses some ground versus the US Dollar on Monday as risk aversion keeps the Greenback bid, sponsored by the escalation of the Iran conflict. This triggered a sudden jump of oil prices, which are up 11%, retreating after gaining nearly 30% during the Monday’s Asian session.

AUD/USD advances on Monday, trading around 0.7040 at the time of writing, up 0.24% on the day. The pair benefits from renewed demand for the Australian Dollar (AUD) as stronger-than-expected economic data from China provides support to currencies closely linked to Chinese growth.

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro is weaker versus the Dollar despite a more supportive rate outlook as markets focus on geopolitical risks.

TD Securities strategists Oscar Munoz and Eli Nir argue that the Federal Reserve will stay on hold near term as the Iran conflict and mixed US labor data keep uncertainty elevated.

BNP Paribas Economic Research Team projects Euro appreciation versus the Dollar, supported by structural changes in US fiscal policy and an expected strengthening of growth in Europe.

Ripple (XRP) is holding above $1.35 at the time of writing on Monday as global markets continue pricing in the war in the Middle East. The remittance token faced significant capital outflows last week, reflecting sticky risk-off sentiment.