Dollar Rises as Concerns Over Middle East Conflict Persist -- Market Talk

Dow Jones03-24

0750 GMT - The dollar rises along with oil prices as optimism over an easing of the Middle East conflict fades. President Trump said Monday that the U.S. would postpone military strikes against Iranian energy infrastructure for five days following constructive talks but Iran said no such talks took place. Trump's comments caused the dollar to fall as oil prices dropped and risk sentiment recovered but the moves proved short-lived given Iran's failure to confirm progress toward ending the conflict. The dollar is negatively correlated to risk sentiment as a safe haven and positively correlated to oil prices as the U.S. is a net exporter of the commodity. The DXY dollar index rises 0.3% to 99.231. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 03:50 ET (07:50 GMT)

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