{
  "id": 10352366,
  "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
  "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build-10352366",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T03:18:08.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441552/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build"
  },
  "original_language": "en",
  "account": "The US dollar strengthened slightly on Monday, trading near a two-month high, as heightened tensions between the United States and Iran increased oil prices and investors anticipated a data-heavy week for cues on inflation and central bank actions. The euro and British pound both slipped about 0.1% against the dollar, hovering near their lowest levels in months. The dollar index, which gauges the US currency against a basket of peers, rose marginally to 101.15, on track for a 1.7% gain in September, its best monthly performance since June.\n\nOil prices surged more than 1% on Monday, with Brent crude futures briefly surpassing $106 a barrel, following US President Donald Trump's rejection of a peace agreement with Iran to address their conflict and reopen the Strait of Hormuz. Concerns about energy supply disruptions and robust fundamentals in the US have fueled inflation worries, leading traders to bet on a more hawkish Federal Reserve. Inflation risks and elevated long-end Treasury yields have aided the dollar's rally.\n\nAnalyst Sim Moh Siong of OCBC Bank noted that the greenback might overreact in the short term if energy market tensions persist and inflation pressures continue to grow. The bank's baseline scenario still calls for a modest dollar advance through the end of the year. Traders are keeping a close eye on upcoming US economic data, including the PCE Index on Wednesday and non-farm payrolls on Friday, both of which are expected to support further rate tightening from the central bank.\n\nThe Federal Reserve's likely policy shift is priced at a 65% probability by CME Group's FedWatch tool, with the central bank's meeting scheduled for late October. Other economic indicators released this week include China's Purchasing Managers' Index (PMI) on Wednesday, ahead of the weekly National Day holiday, and Japan's and the euro zone's consumer price indexes (CPI) on Friday. The Japanese yen fell 0.3% to 157.7 per dollar, benefitting from comments by Japan's Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, who reaffirmed concerns over yen undervaluation and their intent to enhance cooperation.\n\nThe Australian dollar slipped 0.07% to $0.7017, while the New Zealand dollar remained unchanged at $0.5661. Australia's Reserve Bank is expected to raise interest rates by 25 basis points to a near 15-year peak of 4.60% on Tuesday, likely the final increase in the tightening cycle. Meanwhile, the offshore yuan weakened to 6.7235 per dollar following a three-day summit between US President Trump and Chinese President Xi Jinping, which did not produce any significant breakthroughs on contentious issues.",
  "summary": "HONG KONG: The dollar inched higher to hold near a two-month high on Monday , as the US-Iran standoff continued to push up oil prices while investors looked ahead to a data-packed week for more clues on inflation and central banks’ moves. The euro and sterling were both 0.1% weaker against the dollar, last at $1.1379 and $1.3232, respectively, hovering near multi-month lows against the greenback.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar softens to near 0.7000 on hawkish Fed signals, RBA rate decision looms",
        "url": "https://urgent.news/2026/09/27/australian-dollar-softens-to-near-0-7000-on-hawkish-fed-signals-rba",
        "published": "2026-09-27T23:23:33.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
        "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build",
        "published": "2026-09-28T01:36:30.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
        "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build-10340670",
        "published": "2026-09-28T01:58:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}