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The Economic Times

Markets / The Economic Times

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Dollar surges in Asia as war's safe-haven shelter

The US dollar is surging, becoming the strongest safe asset. War in the Middle East has sent oil prices soaring and other assets tumbling. This situation raises fears of a global recession. The dollar's strength is supported by its status as an energy exporter and rising US Treasury yields. Asian currencies are experiencing significant losses.

31 Mar 2026 11:21 am