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The Economic Times

Markets / The Economic Times

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Yen, euro under pressure as Middle East conflict stokes energy concerns

The yen and euro weakened Tuesday as the escalating Middle East conflict heightened concerns over energy import costs and central bank responses to inflation. The dollar strengthened due to safe-haven demand, while Japan and Europe face greater exposure to rising energy prices. Traders are now anticipating a later Federal Reserve rate cut.

3 Mar 2026 6:31 am