Dollar rally pauses as market sentiment turns a little more upbeat

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold prices rebound from previous session’s hefty drop, helped by weaker dollar Nasdaq ends more than 1% higher as solid economic data lifts spirits Oil ticks up in seesaw trade as escalating Middle East conflict remains in focus (South Africa Philippines Nigeria) Dollar rally pauses as market sentiment turns a little more upbeat By Currencies Published 03/04/2026, 07:51 PM Updated 03/04/2026, 09:36 PM Dollar rally pauses as market sentiment turns a little more upbeat 0 Euro US Dollar -0.05% British Pound US Dollar -0.07% Australian Dollar US Dollar -0.03% New Zealand Dollar US Dollar 0.02% Japanese Yen US Dollar 0.07% DX 0.05% CL 3.52% Chinese Yuan US Dollar 0.13% Ethereum US Dollar 8.18% First Bitcoin US Dollar 6.09% By Rae Wee SINGAPORE, March 5 - The dollar halted its blistering rally on Thursday, providing some reprieve to the battered euro , as investors clung on to fragile assumptions that the war in the Middle East might not last as long as initially expected. Investors were quick to take comfort in a report that Iran intelligence operatives signalled openness to talks with the CIA to end the war despite a subsequent denial from Tehran, underscoring the fraught sentiment towards a conflict that has lashed global markets. Traders also latched on to hopes for a resumption of oil shipments through the Strait of Hormuz after insurance broker Marsh on Wednesday said it met with U.S. officials to explore restoring maritime trade. The dollar further eased from an over three-month high hit earlier this week and stood at 98.82 against a basket of currencies. The euro was steady at $1.1628, having slid to a more than three-month low on Tuesday, while sterling was little changed at $1.3368. "I wouldn’t say it was particularly good news, because Iran came out and kind of dismissed the report and it is still clearly uncertain how long the war w...