{"id":428610,"date":"2026-03-17T18:51:24","date_gmt":"2026-03-17T11:51:24","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/investinglive-european-fx-news-wrap-usd-pullback-extends-markets-remain-rangebound\/"},"modified":"2026-03-17T18:51:24","modified_gmt":"2026-03-17T11:51:24","slug":"investinglive-european-fx-news-wrap-usd-pullback-extends-markets-remain-rangebound","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-fx-news-wrap-usd-pullback-extends-markets-remain-rangebound-428610\/","title":{"rendered":"investingLive European FX news wrap: USD pullback extends, markets remain rangebound"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/investors-are-most-long-commodities-since-april-2022-stock-market-sentiment-turns-bearish-20260317\/\">Investors are most long commodities since April 2022; stock market sentiment turns bearish<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/irans-supreme-leader-says-not-the-right-time-for-peace-us-and-israel-must-be-defeated-20260317\/\">Iran&#8217;s Supreme Leader says &#8220;not the right time for peace&#8221;, US and Israel must be defeated<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-march-zew-economic-sentiment-index-05-vs-390-expected-20260317\/\">Germany March ZEW economic sentiment index -0.5 vs 39.0 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/strait-of-hormuz-disruption-keeps-oil-prices-supported-de-escalation-is-the-only-fix-20260317\/\">Strait of Hormuz disruption keeps oil prices supported; de-escalation is the only fix<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/italy-february-final-cpi-15-vs-16-yy-prelim-20260317\/\">Italy February final CPI +1.5% vs +1.6% y\/y prelim<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/military-escorts-not-a-sustainable-solution-to-opening-up-strait-of-hormuz-says-imo-chief-20260317\/\">Military escorts not a sustainable solution to opening up Strait of Hormuz, says IMO chief<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-remains-stuck-in-a-tight-range-as-traders-await-new-catalysts-to-trigger-a-breakout-20260317\/\">Gold remains stuck in a tight range as traders await new catalysts to trigger a breakout<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/switzerland-february-producer-and-import-prices-03-vs-02-mm-prior-20260317\/\">Switzerland February producer and import prices -0.3% vs -0.2% m\/m prior<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-are-the-main-events-for-today-20260317\/\">What are the main events for today?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/one-down-six-more-to-go-on-the-week-20260317\/\">One down, six more to go on the week..<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Orders\/fx-option-expiries-for-17-march-10am-new-york-cut-20260317\/\">FX option expiries for 17 March 10am New York cut<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/rba-governor-bullock-if-we-have-to-change-tack-on-policy-we-will-do-so-20260317\/\">RBA governor Bullock: If we have to change tack on policy, we will do so<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/rba-governor-bullock-higher-petrol-prices-were-not-the-reason-for-the-rate-hike-today-20260317\/\">RBA governor Bullock: Cash rate was not high enough to bring inflation back to the target<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/aussie-dollar-sees-a-mixed-reaction-as-the-rba-delivers-another-rate-hike-today-20260317\/\">Aussie dollar sees a mixed reaction as the RBA delivers another rate hike today<\/a><\/li>\n<\/ul>\n<p>It&#8217;s been a light session in terms of news releases and market moves. On the data front, the main highlight was the German ZEW survey which collapsed to -0.5 vs 58.3 in the prior month. The US-Iran war and the surge in energy prices were responsible for this poor reading.<\/p>\n<p>On the news front, we just got a Reuters report saying that Iran\u2019s new Supreme Leader has rejected proposals aimed at de-escalating tensions with the United States and Israel according to a senior Iranian official.<\/p>\n<p>The official told Reuters that Khamenei&#8217;s stance for revenge against the US and Israel was &#8220;very tough and serious&#8221;. He reportedly told the session that the Islamic Republic would not seek to reduce tensions until the US and Israel are defeated and forced to pay compensation for damages.<\/p>\n<p>On the markets front, the US dollar continues to pull back from the highs reached in the final part of last week on what looks like profit-taking from extreme levels rather than a change in fundamentals as we haven&#8217;t got any meaningful catalyst to trigger a reversal yet. Looking at the other markets, it&#8217;s been mostly boring rangebound price action as traders await new developments on the US-Iran front. Oil prices eased from the Monday highs but the path of least resistance remains to the upside.<\/p>\n<p>In the American session, we only have the weekly US ADP jobs data which hasn&#8217;t been a market-moving report for a long time now. Despite the very weak NFP report, all the other labour market data, including the ADP, have been pointing to stabilisation. The NFP might have been just a blip, but if we start to see deterioration in other data as well, then the Fed will have to take a hard decision because both the mandates will be in tension.<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors are most long commodities since April 2022; stock market sentiment turns bearish Iran&#8217;s Supreme Leader says &#8220;not the right time for peace&#8221;, US and Israel must be defeated Germany March ZEW&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-428610","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=428610"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428610\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=428610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=428610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=428610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}