Monday Morning Forex Update: USD Gains Strength Amid Deteriorating War Situation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 08 2026
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Source: InvestingliveForex
Forex Market Movements: The Euro, British pound, and Australian dollar experienced declines, while the Japanese yen, Swiss franc, Canadian dollar, and New Zealand dollar saw slight increases against the US dollar.
Oil Market Outlook: Crude oil prices are expected to rise further, with April WTI closing at $90.90 and May crude at $87.52, indicating upward pressure in the market.
Bitcoin Stability: Bitcoin remains relatively stable, trading at $67,121, providing a slight positive note amidst the fluctuating forex market.
Iran's Political Developments: Mojtaba Khamenei has been named the new Supreme Leader of Iran, facing threats from Israel, while the US may need to engage in negotiations with Iran in the future.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
