Indonesia's rupiah has hit a record low against the Singapore dollar due to rising oil prices and capital outflows from financial markets. Concerns about demand for Singaporean services and export flows to Indonesia are growing. The central bank's interventions aim to stabilize the currency.

Former Treasury Secretary Janet Yellen believes the Federal Reserve may cut interest rates this year, despite uncertainty from the Iran war and oil price volatility. She sees a broad supply shock impacting various sectors but suggests stable inflation expectations make rate hikes unlikely.

Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

ING analyst Francesco Pesole said that if U.S. March CPI were to accelerate sharply due to energy prices rising after the Iran war, the dollar could receive support. He noted that whether core inflation shows any second-round effects will be crucial for the Federal Reserve’s policy in the coming months.

Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.

The Federal Reserve faces a complex situation with low-interest-rate policy. Even though a ceasefire between the U.S. and Iran provides an opportunity for the global economy, energy price volatility could still keep inflation elevated. War is not the main obstacle to rate cuts; instead, it may intensify policy caution, hindering progress toward easing.

According to data from the International Monetary Fund, global public debt is approaching 100% of GDP, fiscal space is tightening, and policy-making faces challenges. Unlike past debt crises, debt in this round continues to rise, which may lead to higher inflation and increased attention to crypto assets, while also raising policy uncertainty and causing volatility in the market. Global economic growth is slowing, and the stability of the traditional financial system is being tested; the role of crypto assets may gradually increase.

The U.S.-Iran war triggers a global economic shock, facing six major crises: food supply, the bond market, private credit, subprime loan defaults, inflation, and the aluminum industry. Analysts warn that it may threaten the stability of financial markets, determining whether a ceasefire can be reached.