empty
 
 

2026.06.2301:46:25UTC+00Dollar Hovers at 13-Month High

The dollar index hovered around 101 on Tuesday, near its highest level since May 2025, as investors weighed signs of progress in US-Iran peace talks alongside the outlook for Federal Reserve rate hikes this year. In a key development, Washington granted Tehran a 60-day license to sell oil on international markets, reinforcing expectations of a quicker recovery in global supply. At the same time, markets remain positioned for further Fed tightening after the central bank’s hawkish signals last week and its upward revisions to inflation projections. Both Deutsche Bank and BofA Global Research now anticipate a rate increase in September. Attention is turning to this week’s PCE report, the Fed’s preferred inflation gauge, which could provide fresh insight into underlying price pressures.

  • 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 $1000 more!
    In June we raffle $1000 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