Skip to contentHome page Seeking Alpha - Power to InvestorsMar. 02, 2026 8:23 AM ETS&P 500 Futures (SPX), SP500, DXYFXA, FXC, FXB, GBBEF, FXY, YCS, YCL, EROTF, ULE, EUO, FXE, FXF, JEMTF, CEW, PGDDF, USDU, UUP, UDNMarc Chandler17.13K FollowersCommentsAfter finishing last week on a soft note, the greenback (DXY) has rallied. It is up by 0.5% or more against most of the G10 currencies.CAD, which often performs relatively better in a strong US dollar environment, is off by about 0.1% in late European morning turnover.The Swiss franc, a traditional safe haven, is off around 0.65%.Equities are seeing a sell-off. Nearly all the markets in the Asia-Pacific are in the red. Among the large bourses, Hong Kong’s Hang Seng was among the biggest losers, dropping 2.1%.Europe's STOXX 600 is off around 1.5% (after rallying for the past five weeks). US index futures are down more than 1%.Warawan Tongsri/iStock via Getty ImagesThere is one fundamental driver today and that is the Middle East war. After finishing last week on a soft note, the greenback (DXY) has rallied. It is up by 0.5% or more against mostThis article was written byMarc Chandler17.13K FollowersMarc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsenseCommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.