The dollar remained largely stable Wednesday as safe-haven demand faded following President Donald Trump's indication that the Iran conflict could end within weeks.
The dollar index fell 0.03% to 99.70, while the euro climbed 0.21% to $1.1576. The Japanese yen strengthened to 158.55 per dollar, recovering from recent lows near the psychologically important 160 level.
Trump told aides the U.S. military campaign against Iran could conclude in two to three weeks, according to reports. However, Defense Secretary Pete Hegseth warned the conflict would intensify if Tehran doesn't negotiate a deal, creating conflicting signals for markets.
The White House announced Trump will address the nation Wednesday evening at 9 p.m. EDT regarding Iran updates. Meanwhile, escalating tensions continue to influence oil prices and broader market sentiment.
Economic attention turns to Friday's March jobs report, expected to show 60,000 new positions after February's unexpected 92,000 job loss. A weak labor market could revive Federal Reserve rate cut expectations despite inflation concerns from rising oil prices.