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Dollar gets its mojo back - but only by default: Mike Dolan - REUTERS

MARCH 03, 2026

LONDON, March 3 (Reuters) - While it's tempting to assume the dollar's long-lost "safety" bid has returned since the weekend Iran attacks, it's not as clear-cut as it seems and owes more to relative energy plays. Yet the implications of the market response may be just as powerful.

Ever since Donald Trump's return to the White House last year, the dollar has waned even during periods of market anxiety and volatility, due in large part to U.S. economic policy uncertainty and both domestic and geopolitical upheaval.


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