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Rising energy prices are seen as the main driving factor behind the strengthening of the US dollar.

Rising energy prices are seen as the main driving factor behind the strengthening of the US dollar.

汇通财经汇通财经2026/03/02 16:33
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After the United States and Israel attacked Iran, global demand for safe-haven assets surged, and the dollar continued to strengthen. However, rising energy prices may also be a factor in the foreign exchange market. Jake Schurmeier from Harbor Capital pointed out that the United States is a net exporter of energy, so price increases could boost the country's economy, while Europe and Japan are importers and are more likely to face resistance. He stated: "The movement of the dollar is more a reflection of trade terms shocks, rather than necessarily driven by safe-haven demand." Crude oil prices rose by 7%, natural gas prices increased by 4% in the United States and by 45% in the United Kingdom. The Wall Street Journal Dollar Index rose by 0.9%, while the dollar's gains against the euro, yen, and Swiss franc exceeded 1%.
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