TechFlow News, March 4: According to JINSHI Data, the U.S. dollar retreated after hitting a three-month high on Tuesday. Its earlier gains were driven primarily by safe-haven capital inflows and rising oil prices amid escalating U.S.-Iran tensions. In a report, Jefferies economist Mohit Kumar noted that Trump’s proposal to provide insurance for vessels transiting the Strait of Hormuz—and the possibility of Gulf states taking countermeasures against Iran—bolstered market sentiment, raising hopes that the conflict could end sooner. Meanwhile, Federal Reserve Bank of New York President John Williams stated that cooling inflation may open room for further rate cuts in the future. Investors are now closely watching upcoming U.S. economic data releases, including the ADP private-sector employment report at 21:15 Beijing time and the ISM Services Index at 23:00 Beijing time.
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