**[Global Central Banks Brace for Inflation Rebound, U.S. Dollar Drops Over 1%]** Reported by Jinse Finance, on March 20, non-U.S. currencies strengthened across the board, with the U.S. Dollar Index under pressure, falling over 1% during Thursday's New York session close. Central banks from the U.S., Japan, the U.K., Canada, and the Eurozone held policy meetings this week, along with several emerging economies' central banks, marking a rare "super central bank week." On Wednesday, both the Federal Reserve and the Bank of Canada decided to keep interest rates unchanged. On Thursday, the Bank of Japan, the Bank of England, the European Central Bank, as well as the central banks of Switzerland and Sweden, made similar decisions. These central banks have explicitly stated their vigilance, expressing concerns that rising energy prices could trigger a wave of inflation across broader economic sectors. Even Brazil's central bank, which has the highest interest rates among major economies, opted to slightly lower its benchmark interest rate by 25 basis points to 14.75%, against market expectations of a 50 basis point cut. "This escalation in the Iran situation appears to be a turning point for the market, as the conflict is no longer just about military headlines or the blockade of the Strait of Hormuz," said Haru Chanana, Chief Investment Strategist at Saxo Bank in Singapore. "It is now striking at the lifeblood of the global energy system. What is unsettling the market currently is the growing risk of stagflation."