1 Minute Market Rundown

• On Monday the dollar handed back half its gains made after Fridays close, with markets shifting back to risk on throughout the day, driven by renewed optimism around US–Iran negotiations. The greenback did rally 1% going into the weekend, as tensions rose, with violations of the ceasefire. Trump says the ceasefire ends “Wednesday evening Washington time” and it’s “highly unlikely” he’d extend it without a deal.
• This morning, we saw the UK unemployment rate fall to 4.9% during the three months to February. That was down from a previous level of 5.2%. Alongside this data we did see job vacancies fell to their lowest level in almost five years and an increase in claimant count to 26k from 17k previous.
• Canada's annual inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher ‌crude oil costs drove gasoline prices higher