Podcasts

On March 4, 2026, the U.S. Dollar lost momentum, ending a two-day rally as geopolitical tensions surrounding shipping through the Strait of Hormuz and concerns about a potential 15.0 percent tariff on most imports weighed on sentiment. Markets are increasingly questioning the Dollar’s safe-haven status amid signs of slowing economic growth, although U.S. labor data offered a modest positive surprise with the February ADP Employment Change showing 63 thousand jobs added versus expectations of 50 thousand. The Euro recovered slightly following supportive economic indicators, including an expansionary Eurozone Composite Purchasing Managers Index and a stronger-than-expected 0.7 percent rise in the Producer Price Index.