US Dollar Declines as Investors Cling to Fragile AssumptionsSingapore, 5 Mar 2026 (ONA) —- The US dollar fell today as investors clung to fragile assumptions that the conflict in the Middle East may prove less protracted than initially anticipated.The greenback retreated further from its more than three-month peak reached earlier this week, sliding to 98.78 against a basket of major currencies.Meanwhile, the euro edged modestly higher to USD 1.1636, recovering from its lowest level in over three months recorded last Tuesday, while sterling held steady at USD 1.3366.The dollar has nevertheless preserved the bulk of its gains—exceeding one percent since the week began—establishing itself as one of the few beneficiaries across turbulent trading sessions that have dragged down equities, bonds, and at times even precious metals traditional regarded as safe havens.The sharp escalation in energy prices stemming from heightened tensions in the Middle East has reignited concerns over resurgent inflation, casting a pall over interest rate expectations.The Japanese yen advanced 0.2 percent to 156.78 against the dollar, while the Australian dollar climbed 0.14 percent to USD 0.7085, building on its 0.57 percent gain in the prior session. The New Zealand dollar remained largely unchanged at USD 0.5942.Offshore trading saw the Chinese yuan appreciate 0.12 percent to 6.8860 against the US currency ahead of domestic market opening.Bitcoin and Ethereum each retreated by approximately one percent, pulling back from their robust overnight gains as risk appetite showed signs of tempering.—- Ends/Khalid