The dollar closed Friday, March 27, lower
In a context where President Donald Trump extended the deadline for Iran to reach an agreement with the United States, as both parties remain distant after nearly a month of attacks. Given the persistence of clashes, Israel announced that it would intensify and expand its attacks against the Islamic Republic.
TL;DR
- The dollar closed at $3,668.77 on March 27, down from the representative market rate of $3,675.23.
- International conflicts between the US and Iran, with Israel planning to intensify attacks, are causing concern.
- Damage to energy infrastructure in the Gulf and disruptions to oil and gas transport raise fears of an inflationary spiral.
- China's trade investigation against the US ahead of a summit with President Trump negatively impacted investor mood.
- The market is becoming more discerning about rhetoric following fleeting hopes from President Trump's comments.