Podcasts

On March 3rd, 2026, the U.S. Dollar extended its rally to its highest level since mid-January as escalating tensions in the Middle East boosted safe-haven demand and drove volatility across global markets. Reports of drone attacks in Riyadh and concerns over disruptions in the Strait of Hormuz have pushed oil prices higher, with West Texas Intermediate crude above 76 dollars per barrel and Brent above 85 dollars per barrel, complicating the Federal Reserve’s policy outlook amid inflation risks and slowing growth. The Euro and Mexican Peso have weakened to multi-month lows, while emerging-market currencies are down nearly 1.0 percent overall, as investors remain focused on geopolitical uncertainty ahead of key data releases including Eurozone Gross Domestic Product and U.S. Nonfarm Payrolls later this week.