1. The US dollar index rose to a 5-week high. 2. The British pound fell to a 6-week low against the US dollar. 3. The euro hit a new low against the US dollar since January 22. 4. Japan's Ministry of Finance: Authorities did not intervene in the f

2026-03-02

1. The US dollar index rose to a 5-week high. 2. The British pound fell to a 6-week low against the US dollar. 3. The euro hit a new low against the US dollar since January 22. 4. Japan's Ministry of Finance: Authorities did not intervene in the foreign exchange market in February. 5. The Philippine peso fell to a new low against the US dollar since February 12. 6. The US dollar touched 156.93 against the Japanese yen, its highest point since February 9. 7. The Thai baht fell as much as 1% against the US dollar, hitting a new low since February 17. 8. The Indian rupee fell below 91 against the US dollar during trading, the first time in a month. 9. JPMorgan Chase expects the Bank of Israel to keep interest rates unchanged in March, with the next rate cut likely in May. 10. Central Bank of Indonesia: It will closely monitor market movements and respond appropriately, including ensuring that the Indonesian rupiah exchange rate is consistent with its fundamentals. 11. Bank of Japan Deputy Governor Ryozo Himino avoided discussing the possibility of a near-term interest rate hike, while stating that policy adjustments would not be shelved due to market volatility. 12. JPMorgan Chase now expects the Central Bank of Turkey to not cut interest rates on March 12 and has raised its year-end 2026 policy rate forecast from 30% to 31%.