Foreign Exchange Market Update

March 30, 2026

U.S. Dollar Rebounds as War Clouds Boost Haven Bids

The U.S. Dollar rebounded against major currencies during the week ending on March 27, buoyed by demand attributed to uncertainty of the war in the Middle East.  As persisting geopolitical tensions fuel demand for the U.S. dollar, the euro and the British pound have retreated further.

The EUR/USD pair has slipped 0.42% to 1.1462 from 1.1510 at close on Friday. The GBP/USD pair decreased 0.57% to 1.3184 from 1.3260 the previous week. The AUD/USD pair, which was at 0.6873 at close on Friday, has declined to 0.6839. The USD/JPY pair has, however, fallen to 159.57 from 160.32 at close on Friday. 03/30/2026 - 10:39:00 (RTTNews)

Eurozone

Euro traded at 1.1451 against USD at 9:00 AM PST

Germany's inflation accelerated in March as energy prices increased for the first time since late 2023 due to the war in Iran. The consumer price index (CPI) rose 2.7% year-on-year in March, faster than February's 1.9% gain. E.U. harmonized inflation advanced to 2.8% in March from 2.0% in February.

Core inflation remained unchanged at 2.5%. Energy prices increased for the first time since December 2023, advancing 7.2%, following a 1.9% drop last month. Meanwhile, food inflation softened to 0.9% from 1.1%, and services inflation held steady at 3.2%.

On a monthly basis, consumer prices grew 1.1% in March, which was much sharper than the 0.2% rise in February. Similarly, the harmonized index of consumer prices (HICP) climbed 1.2% after rising 0.4% in February. 03/30/2026 - 08:48:00 (RTTNews)

Spain's retail sales logged a slower growth in February. Retail sales increased by adjusted 2.2% year-on-year in February but were slower than the 3.8% rise in January. Similarly, unadjusted sales advanced 2.0%, following January's 3.7% increase.

On a monthly basis, retail sales dropped 0.1% after remaining flat in January. This was the first fall in seven months in February. Food sales remained unchanged from January, while non-food sales edged down 0.1%. 03/30/2026 - 04:02:00 (RTTNews)

Italy's producer prices declined in February amid cheaper energy costs. The producer price index (CPI) fell 0.4% monthly in February, after a 1.5% rise in January, which was the fastest rise in one year. The overall decrease was mainly driven by 2.4% lower costs for energy.

Prices for consumer goods dropped slightly by 0.1%. Meanwhile, costs for capital goods and intermediate goods increased by 0.1% and 0.5%. On a yearly basis, the decline in producer prices deepened to 2.7% in February from 1.6% the prior month. 03/30/2026 - 05:04:00 (RTTNews)