A hardliner succeeds Iran's Supreme Leader, oil prices surge, but investment banks say there's still considerable upside potential; gold unexpectedly falls, why has its safe-haven appeal disappeared recently? The underlying market logic deserves a cl

Japanese Finance Minister Satsuki Katayama: The weakening yen is one of the factors contributing to rising prices.

US Dollar 1. Fed's Collins: Sees no urgent need to change monetary policy stance. 2. Fed's Schmid: The labor market faces structural rather than cyclical pressures. 3. Fed's Hamak: Fed interest rate policy is likely to remain unchanged for a considerable period; the dollar's global dominance is unlikely to be shaken. 4. Fed's Daly: The February non-farm payroll report cannot be ignored, but there's no need to overinterpret it. The labor market is currently unstable, making an immediate rate hike unlikely. 5. Fed's Goolsby: The employment data was disappointing. If this continues for several months, it will be worrying. Rate cuts are expected to begin before the end of the year. 6. Fed Governor Milan: Unwilling to overinterpret one month's employment report. The neutral interest rate is approximately 2.5% to 2.75%. If the Fed does not cut rates, I expect to dissent this month. 7. White House National Economic Council Director Hassett believes the average number of jobs should be the focus. 8. US nonfarm payrolls unexpectedly fell by 92,000 in February, and the unemployment rate rose slightly to 4.4%. The combined figures for December and January were revised down by 69,000. Euro 1. ECB Governing Council member Eskres: We are highly unlikely to make a decision on interest rates at the next meeting. 2. ECB Executive Board member Schnabel: If inflation expectations remain stable, small, temporary inflation overshoots are insignificant. 3. ECB Governing Council member Sleipön: There has been no significant change in our view on the policy outlook; the situation remains favorable. The next forecast may include different scenarios. 4. Traders have increased their expectations for ECB rate hikes, fully anticipating two rate hikes by the ECB in 2026. Korean Won 1. Market news: The Bank of Korea will purchase up to 3 trillion won in government bonds. 2. A South Korean presidential advisor stated regarding supplementary budgets: We will seriously consider it if necessary. 3. According to Yonhap News Agency: The leader of South Korea's ruling party stated that a foreign exchange stabilization bill will be passed by March 19th. 4. Bank of Korea: Bond yields and foreign exchange rates have experienced excessive volatility. Market stabilization measures will be taken if necessary. 5. The Bank of Korea and the Swiss National Bank renewed their bilateral currency swap agreement for five years. 6. South Korean President Lee Jae-myung: Ordered proactive measures to address the increasing volatility in financial and foreign exchange markets. The 100 trillion won market plan will be expanded if necessary. Japanese Yen 1. Japanese Prime Minister Sanae Takaichi: Any measures taken by the government to mitigate the impact of the conflict are unlikely to involve revising the 2026 fiscal year budget. 2. Japanese Finance Minister Satsuki Katayama: The weakening yen is one of the factors contributing to rising prices. Daily monetary operations are determined by the Bank of Japan. 3. Japanese Minister of Economy, Trade and Industry Ryoma Akazawa: All possible measures will be taken to ensure that rising oil prices do not negatively impact the lives of the Japanese people. Other 1. People's Bank of China: China's foreign exchange reserves stood at $3,427.807 billion at the end of February, an increase of $28.729 billion month-on-month. 2. The Reserve Bank of India (RBI) will purchase 1 trillion rupees in bonds in two tranches through open market operations. 3. The Central Bank of Russia extends restrictions on foreign currency cash withdrawals until September 9. 4. Traders say the RBI is likely to sell dollars to curb the rupee's decline as soaring oil prices trigger market turmoil. 5. According to Antara News Agency, Indonesia may transfer another 100 trillion rupiah in government funds from the central bank to banks to boost credit.