Dollar Rises as Middle East Conflict Boosts Safe Havens, Oil Prices -- Market Talk

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Dollar Rises as Middle East Conflict Boosts Safe Havens, Oil Prices -- Market Talk

Dow Jones03-03

0741 GMT - The dollar rises to a near six-week high against a basket of currencies after President Trump said U.S. attacks on Iran could last four or five weeks but might go on for longer. The news encourages investors to buy safe-haven assets including the dollar. The dollar also benefits from higher oil prices resulting from the conflict due to America's energy independence and the potential for inflation accelerating and reducing the prospect of further interest rate cuts by the Federal Reserve. The DXY dollar index rises to a high of 98.815. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 03, 2026 02:41 ET (07:41 GMT)

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