Risk rally loses momentum as Iran denies dialogue with US
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Here is what you need to know on Tuesday, March 24: Markets adopt a cautious stance early Tuesday following the volatile action seen at the beginning of the week. The economic calendar will feature preliminary March Manufacturing and Services Purchasing Managers’ Index (PMI) data from Germany, the Eurozone, the UK and the US on Tuesday. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD -0.58% -0.85% -0.52% 0.14% 0.12% -0.50% -0.19% EUR 0.58% -0.27% 0.11% 0.73% 0.69% 0.08% 0.40% GBP 0.85% 0.27% 0.32% 1.00% 0.99% 0.35% 0.60% JPY 0.52% -0.11% -0.32% 0.62% 0.62% -0.03% 0.22% CAD -0.14% -0.73% -1.00% -0.62% 0.00% -0.64% -0.33% AUD -0.12% -0.69% -0.99% -0.62% -0.00% -0.63% -0.38% NZD 0.50% -0.08% -0.35% 0.03% 0.64% 0.63% 0.26% CHF 0.19% -0.40% -0.60% -0.22% 0.33% 0.38% -0.26% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). US President Donald Trump announced on Monday that they will postpone any military strikes against Iran’s power plants following “good and productive conversations.” With the immediate reaction to this development, risk flows started to dominate the action in financial markets. In turn, the US Dollar (USD) came under heavy selling pressure, US stock index futures turned north and Oil prices declined sharply. Later in the American session, Iran’s foreign ministry said that there was “no dialogue” between…
Filed under: News - @ March 24, 2026 8:26 am