U.S. Rate-Rise Bets Could Keep Dollar Elevated -- Market Talk

0936 GMT - The dollar could remain supported by the prospect of the Federal Reserve raising interest rates ahead of Wednesday's decision, ING's Chris Turner says in a note. The recent surge in energy prices, driven by a re-escalation in the U.S.-Iran conflict, has boosted U.S. rate rise expectations. "While we do not think the Fed will hike next week, it remains very dangerous to fight this trend and, as we have been saying all week, we expect the dollar to outperform," Turner says. With President Trump threatening fresh military strikes against Iran, investors should hold onto bets for a stronger dollar into the weekend, he says. The DXY dollar index falls 0.1% to 101.393 after reaching a three-week high of 101.544 Thursday. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 05:36 ET (09:36 GMT)