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The Economic Times

Markets / The Economic Times

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US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets

Global markets are on edge as oil prices surge, nearing $100 a barrel. This spike fuels inflation fears, prompting central banks to consider aggressive interest rate hikes. The U.S. dollar is strengthening as investors seek safety. Tensions in the Strait of Hormuz add to market volatility. Economists warn of slower global growth. Cryptocurrencies are also experiencing a downturn.

12 Mar 2026 7:55 am