---
title: Daily Market View 02-03-2026
description: "Daily FX market analysis: Dollar surges amid Mid-East conflict; Pound and Euro struggle. Explore the latest currency movements and their impact on your business in this detailed briefing."
---

[FX News | Caxton Daily Market View ](https://caxton.io/fx-news)

# [Daily Market View 02-03-2026](https://caxton.io/fx-news/daily-market-view-02-03-2026)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Mar 2, 2026 12:02:59 PM

## Chaos in the Mid-East prompts massive Dollar rally

 

**USD-**

The expected, but still shocking, ignition of this war with Iran has proved to be the biggest motivator for markets of this year so far. Naturally, much of the movement has been into safe havens as panic sets in early this morning. Oil prices leapt the most since 2022 and the Russian invasion of Ukraine and in FX markets USD has proven the big winner.

The Dollar is trading at its best since January against the Pound as GBP comes off worse for wear in safe haven appetite. This week was always going to be of great importance because of the volume of data coming out, but now it has been catapulted to the most busy week in markets for years.

 

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

## Today's Economic Calendar

**Major Economic Releases (All times in GMT)**

 No Major Releases

 

 

 

[View full post](https://caxton.io/fx-news/daily-market-view-02-03-2026)

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