Dollar Could Remain Supported Ahead of Fed Decision -- Market Talk

Dow Jones16:23

0823 GMT - The dollar should remain supported ahead of the Federal Reserve's June 17 policy decision, ING's Chris Turner says in a note. Friday's stronger-than-expected U.S. nonfarm payrolls report encouraged markets to fully price in a quarter point rate rise by year-end and another increase next year, LSEG data show. The Fed is in a communication blackout period before its meeting, meaning there is "little to no scope" for policymakers to push back against this pricing, Turner says. Renewed Israel-Iran strikes also lift the dollar due to increased demand for safe havens and higher oil prices. The DXY dollar index trades flat at 100.076 after reaching a two-month high of 100.174 overnight. ING sees it potentially rising above 100.250-100.650 resistance levels. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 08, 2026 04:23 ET (08:23 GMT)

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