[Dollar Retreats from Three-Month High as Safe-Haven Demand Eases] March 4 news: The dollar retreated after hitting a three-month high on Tuesday, previously boosted by safe-haven inflows and rising oil prices driven by U.S.-Iran tensions. Jefferies economist Mohit Kumar stated that Trump's proposal to provide insurance for ships passing through the Strait of Hormuz, along with potential countermeasures by Gulf countries against Iran, has lifted market sentiment, with hopes that the war might end sooner. Federal Reserve's Williams mentioned that cooling inflation could provide room for future rate cuts. Investors are focusing on the ADP private sector employment report to be released at 21:15 (UTC+8) and the ISM services index to be released at 23:00 (UTC+8) tonight.