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Dollar Supported by Ongoing US-Iran War
Yahoo Finance· 2026-03-26 03:37
The dollar index (DXY00) on Wednesday rose by +0.22%.  The dollar recovered from early losses on Wednesday and moved higher after Iran said it rejected the latest US peace proposal. Also, Wednesday's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years, is hawkish for Fed policy and supportive of the dollar. The dollar initially moved lower on Wednesday as stocks rallied after the Trump administration stepped up efforts to end the war with Iran and sen ...