Dollar Could Stay Strong Until U.s.-iran Ceasefire Agreed

Dow Jones07-24 21:45

1345 GMT - The dollar's strength looks set to persist until the U.S. and Iran can agree another ceasefire and energy prices come lower, ING analysts say in a note. A de-escalation in the conflict and a resumption in energy flows would cause oil prices to drop and U.S. interest rate rise expectations to unwind, they say. Should the conflict escalate and oil prices rise further, inflation would rise sharply and the Federal Reserve would need to respond by raising rates. The euro could fall below $1.13 while the dollar could rise to 165 yen, they say. The euro last trades down 0.1% at $1.1370 and the dollar is flat at 163.84 yen. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 24, 2026 09:45 ET (13:45 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment