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Dollar steadies near two-week high as Middle East hostilities lift oil

Reuters · September 02, 2026

The U.S. dollar steadied near a two-week high Wednesday as Middle East hostilities drove oil prices higher, prompting investors to shift toward the dollar amid concerns about energy-related economic impacts. Rising oil prices and uncertainty over monetary policy paths supported dollar demand, while Asian stocks fell and gold retreated from recent peaks.

Quwwaa's summary, drawn from reporting by Reuters. Read the full story at Reuters →

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