U.S. Dollar Rallies as Investors Seek Safety -- WSJ

Dow Jones03-02 18:16

By Chelsey Dulaney

The dollar strengthened as the widening Middle East conflict set off a flight to safety in global markets.

-- The WSJ Dollar Index was up 0.5% after touching a five-week high earlier in the session. The currency's strength was driven by demand for so-called safe-haven assets, plus expectations that an oil-price spike could lead the Federal Reserve to keep interest rates higher.

-- The Australian dollar strengthened**.** As a major commodity exporter, its currency tends to rise alongside energy and metals prices. The Norwegian krone saw a smaller gain.

-- The Israeli shekel rallied 2% against the greenback**,** as investors bet Israel will benefit from a weakened Iranian regime.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 02, 2026 05:16 ET (10:16 GMT)

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