empty
 
 

2026.05.2713:09:22UTC+00Dollar Hovers at April-Highs

The dollar index was little changed around 99 on Wednesday, holding near its highest levels since April as investors remained focused on developments in the Middle East. Growing expectations that the US and Iran may be closer than ever to a deal to end the conflict and reopen the Strait of Hormuz weighed on oil prices, easing worries about another potential surge in inflation.

This renewed optimism persisted despite mixed messages from Washington and Tehran and despite fresh strikes earlier in the week. Iranian state television reported details of an unofficial draft memorandum between Tehran and Washington under which the two sides would restore shipping traffic through the Strait of Hormuz, while Iran and Oman would create a joint mechanism to manage passage through the key waterway.

On the monetary policy front, interest rate futures currently imply roughly a 50% probability that the Federal Reserve will raise rates by December.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback