The dollar has started the week with investors leaning on it as the “default” shelter when headlines turn ugly. That’s helped it keep the upper hand against both sterling and the euro into Monday’s open. The wrinkle is oil. If higher crude starts to look sticky, it can keep inflation expectations uncomfortably warm and complicate the Federal Reserve outlook. Monday’s US manufacturing numbers are the first check-in, with jobs data later in the week likely to carry even more weight if markets stay tense.
USD: Dollar leans into safe-haven demand
Christopher Nye
on March 2nd, 2026 
