Dollar Lifted by U.S. Rate-Rise Bets -- Market Talk

0652 GMT - The dollar rises slightly as markets continue to bet on the Federal Reserve raising interest rates this year despite more positive headlines on the Iran war easing oil prices. Fed governor Lisa Cook said Wednesday she's prepared to support a rate rise if necessary as inflation is too high. The market prices a 60% probability of a Fed rate rise in September and fully prices a move by December, LSEG data show. Meanwhile, the WSJ reports that Iran and Oman are finalizing a draft agreement to reopen the Strait of Hormuz. If a deal is announced, the U.S. and Iran would return to the negotiating table. The DXY dollar index rises 0.1% to 99.758.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 06, 2026 02:52 ET (06:52 GMT)