Weekly Forex Report
The US dollar continued its retreat during the week of March 2-6, 2026, pressured by geopolitical uncertainty following US-Israel attacks on Iran and anticipation of further Fed rate cuts. EUR/USD consolidated above 1.1200 while GBP/USD extended its recovery from November lows. USD/JPY pushed toward yearly highs near 156 as BoJ maintained rates at 0.75% in February. Risk sentiment remained fragile amid crude oil surging 30% year-to-date.
