U.S. Dollar Holds Near One-Week High as U.S.-Iran Conflict Lifts Energy Prices

The dollar weakened but remained near the one-week high it touched overnight as the U.S.-Iran conflict pushed up oil prices. According to Jin10, Deutsche Bank analysts said rising oil, natural gas, and other commodity prices lifted near-term inflation expectations, and investors repriced Federal Reserve rate-hike expectations, with the market even starting to speculate that the Fed could raise rates next week.