Analysts: Market expectations that a war with Iran could trigger a rise in oil prices may prompt some central banks to raise interest rates.

PANews reported on March 14th that, according to Jinshi, Derek Halpenny, an analyst at Mitsubishi UFJ Financial Group, stated in a report that while the market anticipates rising oil prices due to the Iran war, potentially prompting some central banks to raise interest rates, this would only benefit currencies of economies with resilient growth. He stated, "Interest rate hikes are generally considered bearish for currencies in a weak economic climate." Against the backdrop of market expectations for further rate hikes and the potential for improved trade conditions due to rising energy prices, the Australian dollar has become one of the best-performing G10 currencies. LSEG data shows that the market currently expects an 80% probability of the Reserve Bank of Australia raising interest rates by 25 basis points on Tuesday.