Dollar Remains Elevated as U.s.-iran Conflict Lifts Energy Prices

Dow Jones15:04

0704 GMT - The dollar eases but remains close to a one-week high reached overnight as the U.S.-Iran conflict pushes up oil prices. The rise in oil prices along with natural gas and other commodity prices has lifted near-term inflation expectations, Deutsche Bank analysts say in a note. "That backdrop meant investors priced in more Federal Reserve rate hikes, and speculation even returned about a potential rate hike next week." The DXY dollar index falls 0.1% to 101.127 after reaching a high of 101.210 overnight. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 22, 2026 03:04 ET (07:04 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