0659 GMT - The dollar remains higher on expectations the Federal Reserve could raise interest rates as soon as September. The market brought forward expectations for a rate rise after the Fed signalled the prospect of tightening by year-end at its meeting last week. Market pricing on LSEG implies a 90% chance the Fed could increase rates in September followed by another move next year. However, a fall in oil prices is limiting the dollar's appreciation. Oil prices are lower after the U.S. waived Iran oil sanctions for 60 days. The DXY dollar index rises 0.1% to 101.071, having reached a one-year high of 101.127 on Friday.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 23, 2026 02:59 ET (06:59 GMT)
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