The safe-haven yen was down, as risk assets staged a recovery and investors awaited a BOJ press conference by after it held policy steady.» Read More
Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.