Hedge demand drives the dollar to its largest gain in nearly a year, energy prices soar

MarsBitNews · 2026-03-03T13:21:16+00:00

Affected by the escalation of the Iran war and inflation concerns, the US dollar experienced its largest two-day gain in nearly a year, the 10-year US Treasury yield rose, and oil and European natural gas prices surged significantly. Traders lowered their expectations of the Federal Reserve cutting interest rates.

MarsBitNews

2026-03-03 13:21:16

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Mars Finance reports that, due to concerns over inflation and safe-haven demand triggered by the escalating Iran conflict, the US dollar has experienced its largest two-day consecutive gains in nearly a year. As traders lowered expectations for interest rate cuts, the 10-year US Treasury yield rose by 7 basis points, reaching a three-week high. Oil prices surged above $85 per barrel for the first time since July 2024, and European natural gas prices soared 40%, hitting their highest level since 2023. Traders are reducing expectations for the Federal Reserve’s easing policies by the end of the year, with the currency market currently pricing in a 37 basis point cut by the Fed this year.

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