Why is the U.S. dollar rising this week?

Iran-related tensions are lifting safe haven flows, oil gains are adding inflation risk, and rate markets now see the first Fed cut pushed to September or October. That combination supports U.S. yields, pressures carry trades, and keeps cash seeking liquid assets like the dollar.

How does this affect EURUSD today?

EURUSD today faces pressure from wide U.S.-Europe rate differentials and a stronger dollar bid. If U.S. data stays firm, bounces may fade faster. Softer U.S. jobs or inflation would help the euro recover. Watch eurozone prints and technical levels around prior support and resistance.

What should Singapore traders watch on the forex factory calendar?

Focus on U.S. nonfarm payrolls, CPI, PMIs, and central bank speeches. Check timing in SGT before London and New York sessions. Note eurozone data for EUR crosses and energy headlines that sway inflation expectations. Build plans around releases and manage risk during spread spikes.

Is USD or gold the better safe haven now?

Each serves a different role. USD offers deep liquidity for cash needs and short-term defense. Gold can hedge longer-term inflation or geopolitical stress but moves with rates and the dollar. Many Singapore investors blend both, sized to time horizon, volatility, and cash flow needs.

Global Market Insights

Dollar Today, March 7: Best Week Since 2024 on Iran Haven Flows

ByDanny Kontos March 7, 2026March 7, 2026

On March 7, the U.S. dollar is on track for its best week since 2024 as Iran tensions spark safe haven flows and oil gains lift inflation risks. Singapore traders scanning forex factory see today’s U.S. jobs report as a swing factor for the US dollar index and EURUSD today. With OIS markets now pushing the first Fed cut to September or October, positioning is lighter across G10 and EM. We outline what this means for SGD portfolios and near-term FX setups using forex factory calendars.