# US dollar dips from multimonth highs on Middle East optimism | Reuters

> The dollar dipped from multimonth highs as Middle East optimism eased safe-haven demand. Options markets showed traders at their most bearish toward the euro in at least a year.

- Date: 2026-03-04 · published 2026-03-04T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/11003-us-dollar-dips-from-multimonth-highs-on-middle-east-optimism-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing conflict fears reduce the oil risk premium and can soften the dollar. Lower energy prices would ease cost pressure on feed and fertilizer markets.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-24 | [Dollar drops on Middle East optimism, euro highest since 2021](https://feedsoft.ai/events/24418-dollar-drops-on-middle-east-optimism-euro-highest-since-2021.md) | -1.5% | -1.2% |
| DXY | 2019-06-20 | [Middle East Clashes Send Oil Sharply Higher](https://feedsoft.ai/events/12316-middle-east-clashes-send-oil-sharply-higher.md) | -1.1% | -0.8% |
| DXY | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | +0.4% | +1.0% |
| DXY | 2026-01-27 | [Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks](https://feedsoft.ai/events/21231-crude-prices-jump-to-a-3-month-high-on-dollar-weakness-and-iran-risks.md) | +0.3% | -0.1% |
| DXY | 2026-01-22 | [Stocks rise as dollar dips after Trump's walk-back of Greenland threats \| Reuters](https://feedsoft.ai/events/7349-stocks-rise-as-dollar-dips-after-trump-s-walk-back-of-greenland-threats-reuters.md) | -1.5% | -0.9% |
| BRENT | 2026-03-22 | [Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East \| Reuters](https://feedsoft.ai/events/8153-oil-prices-plunge-11-on-us-iran-talks-to-resolve-hostilities-in-the-middle-east.md) | +1.5% | -13.8% |
| BRENT | 2026-03-10 | [Oil dives, settles down 11% after Trump predicts Middle East de-escalation \| Reuters](https://feedsoft.ai/events/6628-oil-dives-settles-down-11-after-trump-predicts-middle-east-de-escalation-reuters.md) | +4.1% | +27.2% |
| BRENT | 2025-06-25 | [Israel-Iran war highlights Mideast's declining influence on oil prices \| Reuters](https://feedsoft.ai/events/9611-israel-iran-war-highlights-mideast-s-declining-influence-on-oil-prices-reuters.md) | -1.1% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/dollar-firms-euro-under-pressure-energy-prices-surge-2026-03-04/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.