US Dollar: 1. Fed Governor Bowman: It's too early to say what the Iran war means for the Fed. He still expects three rate cuts in 2026. 2. Fed Governor Waller: Withdrew his vote for a March rate cut due to rising oil prices; he will advocate for an

2026-03-23

US Dollar: 1. Fed Governor Bowman: It's too early to say what the Iran war means for the Fed. He still expects three rate cuts in 2026. 2. Fed Governor Waller: Withdrew his vote for a March rate cut due to rising oil prices; he will advocate for another rate cut later this year if employment remains weak; he doesn't believe a rate hike is necessary. 3. Bank of America: Maintains a bearish view on the dollar in the medium term. Euro: 1. ECB Governing Council member Machlouf: A rate hike is possible in April if necessary, but he cannot commit to it. 2. ECB Vice President Guindos: The ECB cannot prevent the surge in inflation caused by the war, but action must be taken if a second wave of effects occurs. Japanese Yen: 1. Japan's top foreign exchange official: Will take all possible measures to deal with currency market fluctuations as needed. 2. Chief Cabinet Secretary Kihara Minoru: The government may consider compiling a temporary budget to prepare for unforeseen circumstances. Other: 1. The Russian Central Bank cut interest rates for the seventh consecutive time to boost the economy. 1. Governor Nabiullina: Interest rates may not necessarily be cut at the next meeting. 2. Iran issues banknotes with a face value of 10 million rials. 3. On the 22nd local time, the Iranian rial appreciated significantly.