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Monex coverage and commentary from global media
The dollar extended its gains as energy agencies coordinated the largest-ever emergency discharge of strategic oil reserves.
Core CPI data showed a modest cooling in underlying price pressures, reinforcing Fed hold expectations.
February CPI matched forecasts, but market reaction was muted as traders remained focused on the escalating conflict in Iran.
The dollar trimmed earlier gains after G7 energy ministers issued a joint statement pledging coordinated action to stabilize oil markets.
The U.S. Dollar surged to multi-month highs as military operations against Iran sent oil prices above $100 per barrel.
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