empty
 
 

2026.03.1001:52:18UTC+00Dollar Holds Decline on Trump Remarks

The dollar index held below 99 on Tuesday, extending losses after a sharp intraday decline in the previous session, as optimism over a swift resolution to the Iran conflict dampened safe-haven demand. President Donald Trump said the US military operation in Iran is nearing completion and progressing well ahead of the initial four- to five-week timeline. He also signaled his intention to waive certain oil-related sanctions and deploy the US Navy to escort tankers through the Strait of Hormuz in an effort to stabilize oil prices. Previously, the dollar had strengthened on safe-haven flows amid concerns that the Middle East conflict and surging oil prices could trigger prolonged economic disruption and a resurgence of inflation. Looking ahead, investors are focused on Wednesday’s February CPI release and Friday’s January PCE price index for further insight into inflation trends, although neither data set is expected to fully capture the economic effects of the Iran war.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback