Monday opening levels, representative foreign exchange rates, 13 April 2026

Weekend Update: US-Iran Negotiations Collapse

Here’s the latest development from the weekend:

As I mentioned last Friday, previous US administrations engaged in lengthy discussions with Iran, sometimes reaching modest agreements on specific topics. In contrast, the current administration aimed to secure a comprehensive deal in just one weekend—a strategy that was unrealistic.

This news has strengthened the US dollar. When markets reopen, we can also expect oil prices to rise and equities to face downward pressure.