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

MARCH 12, 2026

By Gregor Stuart Hunter

SINGAPORE, March 12 (Reuters) - The dollar extended its gains on Thursday to hold near its strongest levels this year as surging crude prices threatened to spur inflation and force central banks to adopt more hawkish policy stances.

The dollar advanced against the euro, yen, sterling and kiwi for a third straight day as oil prices surged, battering investor confidence.

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