Economic TimesLean R·
Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build
The dollar showed strength as investors anticipated inflation data and central bank decisions this week. Oil prices increased due to ongoing US-Iran tensions, which raised concerns about energy supply. Analysts predict potential interest rate hikes from the Federal Reserve given current inflationary pressures. The Australian dollar is also expected to see a rate increase in a near-15-year high scenario.
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