FX markets

Daily Market View 13-03-2026

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0:54

Dollar at strongest for 4 months as Oil shoots up further

1 Minute Market Rundown

USD reaches its strongest rate against the Pound since November
Oil prices back above $100 as both sides of conflict seem to dig in for a longer war
Benjamin Netanyahu does suggest an off-ramp, by stating that "regime change is not a guarantee at the end of this war"

USD -

Despite a pretty soft raft of economic data yesterday, the Dollar pushes every upwards, following Brent Crude as the war drags on. The longer the Strait remains blocked the higher Oil goes, to the extent that $125 per barrel does not seem so remote anymore.

Screenshot 2026-03-13 090213

Naturally, this would be devastating for the world economy, but it is good news for the Dollar now at least, as it functions more and more like a Petro currency. The Pound is trading at its cheapest against the Dollar since November, whilst the Euro is trading even cheaper, down to an August low.

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.

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