---
title: Daily Market View 03-03-2026
description: Natural gas prices surge 40% amid Iran conflict, impacting Europe and the Euro. USD remains strong as risk sentiment collapses. Get today's market insights and learn how to navigate these shifts.
---

[FX News | Caxton Daily Market View ](https://caxton.io/fx-news)

# [Daily Market View 03-03-2026](https://caxton.io/fx-news/daily-market-view-03-03-2026)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Mar 3, 2026 8:46:41 AM

## Natural gas prices soar, sinking Europe and the Euro

 

**World-**

The Iran conflict continues its intense rate of conflict as Lebanon was dragged in yesterday by missile strikes from Israel. One enormous concern for Europe is that the at least partial closure of the Strait of Hormuz has prevented much of the world's supply of LNG from export.

This is a disaster for the European economy, with the global price of LNG jumping 40% and the European measure up 20% just yesterday. Just as EU manufacturing looked as if it was getting back on its feet, this war threatens to entirely wipe it out. All of this would struggle to come at a worse time for the Europeans and to a slightly lesser extent, the British.

USD continues to be nearly the only currency that anyone wants to own as risk sentiment continues to collapse as the scale and cost of this war seems to be behaving as a runaway train. Gulf states are apparently trying to convince allies to lobby Trump to off-ramp the situation and calm everything down.

Although given Trump's "whatever it takes" speech yesterday, such an optimistic view of things looks likely to be dashed.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

## Today's Economic Calendar

**Major Economic Releases (All times in GMT)**

 No Major Releases

 

 

 

[View full post](https://caxton.io/fx-news/daily-market-view-03-03-2026)

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