US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets

The Times of India - March 12, 2026

US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets

Global markets are on edge as oil prices surge, nearing $100 a barrel. This spike fuels inflation fears, prompting central banks to consider aggressive interest rate hikes. The U.S. dollar is strengthening as investors seek safety. Tensions in the Strait of H…

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