Dollar Falls for Third Straight Session

2026-07-10 02:32 By Jam Kaimo Samonte 1 min. read

The dollar index fell toward 100.5 on Friday, extending losses for a third straight session as reports that the US and Iran will continue peace negotiations despite a recent escalation in hostilities dampened safe-haven demand for the currency.

Lower oil prices also helped ease inflation concerns and reduce expectations of aggressive policy tightening, although markets still largely anticipate at least one Federal Reserve interest rate hike this year.

Meanwhile, New York Fed President John Williams said that, among the factors driving inflation in the US, he is most focused on demand fueled by artificial intelligence.

Separately, Fed Chair Kevin Warsh unveiled the leadership of five task forces to review the US central bank’s approach to key areas of policymaking, signaling the potential for changes in how the Fed conducts monetary policy.

The dollar weakened broadly on Friday, posting its largest declines against the Japanese yen and the New Zealand dollar.



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Dollar Falls for Third Straight Session
The dollar index fell toward 100.5 on Friday, extending losses for a third straight session as reports that the US and Iran will continue peace negotiations despite a recent escalation in hostilities dampened safe-haven demand for the currency. Lower oil prices also helped ease inflation concerns and reduce expectations of aggressive policy tightening, although markets still largely anticipate at least one Federal Reserve interest rate hike this year. Meanwhile, New York Fed President John Williams said that, among the factors driving inflation in the US, he is most focused on demand fueled by artificial intelligence. Separately, Fed Chair Kevin Warsh unveiled the leadership of five task forces to review the US central bank’s approach to key areas of policymaking, signaling the potential for changes in how the Fed conducts monetary policy. The dollar weakened broadly on Friday, posting its largest declines against the Japanese yen and the New Zealand dollar.
2026-07-10
Dollar Index Remains Near 101
The dollar index traded near 101 on Thursday, little changed from the previous two sessions, as investors continued to assess the implications of the Middle East conflict for inflation and monetary policy. The US and Iran continued to exchange strikes, although the surge in oil prices eased after soaring over the previous two sessions. Minutes from the Fed's June meeting showed policymakers remained divided over the path of interest rates, discussing several possible scenarios, with only a few officials favoring a rate hike. Markets continue to price in at least one Fed rate hike by the end of 2026, while the probability of a move at the September meeting stands at around 64%. The dollar was slightly weaker against the Japanese yen, as investors assessed whether Japanese authorities had intervened to support the currency. The euro edged higher against the greenback as expectations for another ECB interest rate hike strengthened.
2026-07-09
Dollar Holds Steady Amid Iran Strikes
The dollar index held near 101 on Thursday and remained on track for weekly gains as a renewed conflict in the Middle East supported safe-haven demand for the currency. The US military confirmed it had carried out strikes on Iran for a second straight day, while Tehran threatened a large-scale retaliatory operation against US military bases across the region. The latest hostilities pushed oil prices higher, fueling inflation concerns and reinforcing expectations that interest rates could remain higher for longer. Meanwhile, minutes from the Federal Reserve’s June meeting showed that only a few policymakers favored a rate increase, though officials expressed growing concern over inflation. Markets continue to price in at least one Fed rate hike by the end of 2026. Investors are now awaiting the latest weekly jobless claims and existing home sales data for fresh clues on the interest rate outlook.
2026-07-09