Dollar Rises Slightly as U.S.-Iran Conflict Continues -- Market Talk

Dow Jones2026/08/24 06:54

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0654 GMT - The dollar edges higher as U.S.-Iran tensions persist. Treasury Secretary Scott Bessent said in an opinion piece for the Financial Times that an "economic D-Day" was coming for Iran. Bessent is expected to provide details on sanctions at a news conference later in the day. "The dollar's reaction is likely to depend on the scope and severity of the sanctions," Commerzbank's Volkar Baur says in a note. The dollar could fall if several countries with economic ties to Iran are affected by sanctions, he says. The DXY dollar index rises 0.1% to 98.871, having reached a three-month low of 98.557 Thursday after the Treasury announced increased buybacks of long-term debt. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 24, 2026 02:54 ET (06:54 GMT)

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