0704 GMT - The dollar eases but remains close to a one-week high reached overnight as the U.S.-Iran conflict pushes up oil prices. The rise in oil prices along with natural gas and other commodity prices has lifted near-term inflation expectations, Deutsche Bank analysts say in a note. "That backdrop meant investors priced in more Federal Reserve rate hikes, and speculation even returned about a potential rate hike next week." The DXY dollar index falls 0.1% to 101.127 after reaching a high of 101.210 overnight. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 03:04 ET (07:04 GMT)
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