The dollar took a breather on Tuesday as investors swung between hopes for a de-escalation in the U.S.-Israeli war on Iran and concerns that any such optimism could be premature. However, equities advanced and oil prices retreated from over three-year highs, underscoring how eager investors were to seize on any hint of good news. Energy ministers from the Group of Seven were set to discuss soaring energy prices on a call on Tuesday, while a group of European Union leaders were expected to do so later in the day, officials said. The safe-haven dollar slipped 0.1% to $1.1645 against the euro and was 0.1% stronger at 157.49 yen. Sterling recovered from a Monday dip to trade 0.1% higher at $1.3455.

Source: The Telegraph March 10, 2026 12:26 UTC