EUR/USD pair quotes at 1.1635, up 0.42% on the day as risk appetite returned. European stocks soared with major indices jumping around 2%. President Donald Trump had told aides he was willing to end military hostilities in the Middle East even if the Strait of Hormuz remained largely shut. This is boosting global stocks. The US dollar index slipped near 90 mark after heavy losses yesterday and currently trades down 0.44% at 99.33.

The dollar index pulled back well below 100 mark amid signs of de-escalation on US-Iran war. The US Dollar Index (DXY) is down 0.15, testing below the 100.00 handle for the first time since mid-March, snapping a five-session winning streak. Markets tilted toward risk appetite after Iranian state media reported that Tehran is prepared to end the war, provided specific conditions are met and all attacks cease. Meanwhile, data yesterday showed the Conference Board`s Consumer Confidence Index edged up to 91.8 in March, beating the 87.8 consensus but doing little to shift sentiment in a session dominated by geopolitics. The dollar index hovered around 99.25 on the first trading day of April, down over half a percent after having risen 2.3% in March.

The Japanese yen hovered steady below the 159 mark against the US dollar, as optimism over a potential de-escalation in Middle East tensions lifted global risk sentiment and weighed on the greenback�s safe-haven appeal. Adding to the yen�s resilience, the Bank of Japan�s Tankan survey showed a notable improvement in business sentiment, with large manufacturers� confidence index rising to 17�its highest level since December 2021 and marking a fourth consecutive quarterly gain. While these factors capped upside in the USD/JPY pair, market participants now turn their focus to upcoming US macroeconomic releases, including the ADP report and ISM Manufacturing PMI, for near-term directional cues.

The US dollar index rallied above 100 mark a 10 month high this morning in Asia amid firm safe haven demand for the greenback on escalating tensions in the Middle East. The US-Israel war with Iran shows no signs of easing despite reports of ongoing negotiations, with Iran-backed Houthi forces now joining the conflict, raising fears of a broader regional escalation. Meanwhile, Federal Reserve Chair Jerome Powell on Monday said that U.S. monetary policy is in a good place, and the Fed will wait and see how the ongoing Middle East conflict will impact the economy and inflation before taking further action on interest rates. Powell reiterated that it is too soon to know the long-term scope and duration of the war`s economic effects, noting that geopolitical risks make the outlook uncertain. According to the Fed chair, energy shocks tend to be temporary, and raising interest rates immediately to combat inflation caused by surging oil prices could ultimately harm the economy once the shock passes. The Fed held interest rates steady at 3.50%-3.75% during its March 18 meeting. DXY, which measures the greenback against a basket of currencies is currently quoting at 100.29 after hitting a 10 month high of 100.50 earlier in the day. The dollar index is on track to gain nearly 3% this month. Looking ahead, markets will focus on US manufacturing PMI and the Nonfarm Payrolls (NFP) report later this week.Powered by Capital Market - Live News

Rupee closed slightly higher at 95.0150 per Dollar on Monday (30 March 2026), but still reeling under 95-mark pressure. Earlier the Rupee closed at 95.0900 per Dollar on Friday.Powered by Capital Market - Live News