Institution: Due to concerns over escalating war, the US dollar strengthens again

BlockBeatNews · 2026-03-30T10:26:19+00:00

On March 30th, concerns over escalating Middle East conflicts pushed oil prices higher, and the US dollar strengthened. Although the Japanese yen temporarily rebounded, the dollar's safe-haven status and the United States' position as a major oil exporter limited its decline. Analysts pointed out that unless Iran signals de-escalation, the US dollar is unlikely to retreat in the short term.

BlockBeatNews

2026-03-30 10:26:19

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BlockBeats news, March 30, as concerns about the escalation of the Middle East conflict pushed up oil prices and hit risk sentiment, the U.S. dollar strengthened again. Previously, due to stronger yen gains after Japanese officials issued more forceful warnings about the possibility of intervening to support the yen, the dollar fell slightly at one point. However, the dollar’s decline was limited and short-lived, supported by its safe-haven attributes and the fact that the United States is a net oil exporter.

Chris Turner of ING said in a report: “Unless Iran releases clear de-escalation signals, it’s hard to see the dollar giving back this month’s gains in the near term.” (Jin10)

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