Dollar Rises on Fed Tightening Bets

Dow Jones14:48

0648 GMT - The dollar rises as traders continue to bet on the Federal Reserve raising interest rates this year and digest the latest developments in the Middle East conflict. The dollar should remain strong until the Iran war is over, Commerzbank's Antje Praefcke says in a note. Only then would it become clear how prices will develop and whether rate-rise expectations are truly justified, she says. "We have our doubts about this and, as a result, see potential for a correction in the dollar." President Trump has weighed a return to all-out war with Iran but has decided to stick with diplomatic talks for now, the WSJ reports. The DXY dollar index rises 0.1% to 101.328. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2026 02:48 ET (06:48 GMT)

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