Dollar Rises as Middle East Tensions Persist -- Market Talk
Dow Jones2026/08/13 07:140714 GMT - The dollar rises to a two-week high against a basket of currencies as ongoing U.S.-Iran tensions and the continued closure of the Strait of Hormuz supports safe-haven assets and keeps oil prices elevated. The dollar briefly fell after data Wednesday showed U.S. inflation eased in line with expectations to 3.4% in July from 3.5% in June, prompting markets to trim expectations for a September interest rate rise by the Federal Reserve. This was "merely a continuation of the trend towards lower inflation, partly distorted by one-off effects" and the dollar's falls proved short-lived, Commerzbank's Michael Pfister says in a note. The DXY dollar index rises to as high as 100.083. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 13, 2026 03:14 ET (07:14 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
