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US Dollar Index rises above 99.00 as Middle East tensions drive inflation fears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends gains for the third consecutive day, trading around 99.20 during the Asian hours on Wednesday.Fxstreet
an hour ago
Australia economy picks up speed in Q4 but headwinds intensifying
SYDNEY, March 4 (Reuters) - Australia's economy grew at the fastest annual pace in almost three years in the December quarter, data showed on Wednesday, a pickup that reignited inflation and required a hike in interest rates to tamp demand down.Reuters
2 hours ago
KOSPI Plunges 8%, Triggers Market Circuit Breaker
TradingKey - Seoul’s equity market suffered its sharpest shock on Wednesday morning, with panic spreading quickly after the opening bell. The benchmark KOSPI Index tumbled more than 5% within minutes of the open, breaching the key 5,500-point psychological threshold.TradingKey
2 hours ago
Shorter-dated JGB yields fall as Iran tension reduces BOJ rate-hike expectations
TOKYO, March 4 (Reuters) - Shorter-dated Japanese government bond (JGB) yields fell on Wednesday, as investors scaled back expectations for an early rate hike by the Bank of Japan in the wake of U.S. and Israeli military actions against Iran.Reuters
3 hours ago
Asia stocks slump as markets brace for energy shock
SINGAPORE, March 4 (Reuters) - Asian markets skidded on Wednesday, with investors cutting crowded positions in gold and chipmakers on worries a wider Mideast war could deliver an energy shock that raises inflation and delays rate cuts.Reuters
3 hours ago
EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low
The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.
Fxstreet
3 hours ago
Australian Dollar remains subdued following GDP data
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data. Attention now turns to the US ISM Services Purchasing Managers’ Index (PMI),
Fxstreet
3 hours ago
Japan and South Korea Stocks Extend Decline, Nikkei 225 Index Falls Below 55,000
TradingKey - On March 4, the benchmark indices of Japan and South Korea opened under pressure and trended lower. South Korea’s KOSPI Index opened down 3.44%, with intraday losses widening to as much as 6% before narrowing. In the Japanese market, the Nikkei 225 Index opened 1.4% lower and continued to decline, breaking below the 55,000 psychological level during intraday trading.TradingKey
3 hours ago
Today’s Market Recap: U.S. Markets Retreat Amid Intensifying Middle East Conflict and Global Supply Disruptions
U.S. markets faced a broad sell-off as escalating Middle East tensions and significant energy supply disruptions from Qatar and Iraq pressured investor sentiment. While indices recovered slightly from intraday lows, the focus remains on the Strait of Hormuz blockade and soaring commodity prices.
TradingKey
5 hours ago
Bitcoin Holds Steady As Middle East Conflict Rattles Markets
War is burning across the Middle East. Oil prices are climbing. Stock markets in Asia have taken a hit. And yet, Bitcoin is still standing above $66,000 — a fact that has caught the attention of analysts keeping a close eye on the market.NewsBTC
5 hours ago
CIA station in Saudi Arabia struck by suspected Iranian drone, source says
WASHINGTON, March 3 (Reuters) - The Central Intelligence Agency's station at the U.S. Embassy in Saudi Arabia was hit on Monday by a suspected Iranian drone, a source familiar with the matter told Reuters on Tuesday.Reuters
5 hours ago
Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict
Gold price (XAU/USD) faces some selling pressure near $5,100 during the early Asian session on Wednesday. The precious metal falls amid a renewed US Dollar (USD) demand and dimming prospects for US rate cuts.
Fxstreet
5 hours ago
US President Donald Trump says will provide insurance for ships in Gulf amid Iranian attacks
US President Donald Trump said the country's navy will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, BBC reported on Tuesday. Trump added that the US military will accompany ships through Hormuz if necessary.Fxstreet
5 hours ago
US FDA warns Novo again about misleading drug advertising
March 3 (Reuters) - The U.S. Food and Drug Administration has warned Novo Nordisk NOVOb.CO over a consumer ad for its blockbuster diabetes drug, Ozempic, saying the commercial makes false and misleading claims about the drug's benefits.It is the second time in less than a month that the FDA has ...Reuters
5 hours ago
Investors, US crude producers scramble to lock in oil price spike
HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed Iran and Tehran retaliated.Reuters
5 hours ago
US, China trade chiefs to meet mid-March before Trump-Xi summit, Bloomberg News reports
Top US, Chinese trade negotiators set to meet in mid-March, Bloomberg News reportsUSTR Scott Bessent, Chinese Vice Premier He Lifeng expected to meet in ParisChinese purchase commitments for Boeing, US soybeans on the agendaMeeting suggests Xi, Trump summit will go ahead in late March BEIJING, Ma...Reuters
14 hours ago
Airline stocks slide as passengers scramble to leave Middle East
Airline shares fall for second day as Iran conflict escalatesFuel hedging could offset some impact of rising oil priceMiddle Eastern airline hubs closed for fourth dayAnalysts say that bookings surge via alternative routesBy Byron Kaye, Julie Zhu and Joanna Plucinska SYDNEY/HONG KONG/LONDON, Marc...Reuters
14 hours ago
