The U.S. dollar held near a two-month high as the Iran standoff pushed OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More prices higher and supported expectations of tighter U.S. Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More. Markets continued to monitor energy costs and the outlook for Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More interest rates.
The U.S. dollar held near a two-month high on September 28 as renewed oil gains from the U.S.-Iran standoff reinforced InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More concerns and kept expectations for further Federal Reserve tightening in focus. Reuters reported the dollar index around 101.15, EUR/USD near 1.1379 and GBP/USD around 1.3232. The dollar was on track for a roughly 1.7% September gain, its strongest month since June.
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