Dollar Could Stay Strong Until U.S.-Iran Ceasefire Agreed -- Market Talk

1345 GMT - The dollar's strength looks set to persist until the U.S. and Iran can agree another ceasefire and energy prices come lower, ING analysts say in a note. A de-escalation in the conflict and a resumption in energy flows would cause oil prices to drop and U.S. interest rate rise expectations to unwind, they say. Should the conflict escalate and oil prices rise further, inflation would rise sharply and the Federal Reserve would need to respond by raising rates. The euro could fall below $1.13 while the dollar could rise to 165 yen, they say. The euro last trades down 0.1% at $1.1370 and the dollar is flat at 163.84 yen. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 09:45 ET (13:45 GMT)