Brazil’s manufacturing PMI rose to 47.3 in February from 47.0, still signaling contraction below 50.
US index futures gapped lower; markets probe key levels as Dow, S&P and Nasdaq attempt fragile repairs.
Iran attack lifts energy prices, dents euro/yen terms of trade, and delays Fed cuts—supporting DXY toward 100.
US-led Iran strikes sparked risk-off: Dollar surged, equities slid, gold jumped 4%, oil 13%, yields rose.
US ISM Manufacturing PMI expected at 51.8; weaker may boost Fed cut bets, pressuring EUR/USD support.
Brent crude rose slightly despite war, but prolonged Hormuz closure could lift oil to $100, fueling inflation.
TD Securities: Iran conflict spurs measured dollar buying; gold up $150, Brent spikes then slips.
NZD/USD hovered near 0.5950, pressured by US-Iran conflict-driven safe-haven demand; markets await key US data.
Risk-off hits markets as US-Israeli strikes on Iran trigger retaliation; gold surges, dollar strengthens, futures fall.
Rabobank: Dollar retains crisis safe-haven appeal; Swiss franc and yen supported by strong external balances.
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