{
  "id": 3451103,
  "title": "Dollar Moves Higher as US Ramps Up Pressure on Iran",
  "url": "https://urgent.news/2026/08/24/dollar-moves-higher-as-us-ramps-up-pressure-on-iran",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T19:36:12.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/currencies/articles/dollar-moves-higher-us-ramps-193612836.html"
  },
  "original_language": "en",
  "account": "On Monday, the dollar index (DXY00) experienced a rise of +0.22%. The greenback benefitted from safe-haven demand following US Treasury Secretary Bessent's announcement of plans to isolate Iran's economy. The decline in US stocks also contributed to increased liquidity for the dollar. However, the dollar's gains were constrained by CNBC's report about the Treasury potentially utilizing its $935 billion Treasury General Account to fund the purchase of higher-yielding government securities. Additionally, the decline in crude oil prices (-2%) dampened inflation expectations, creating a dovish stance for the Federal Reserve's monetary policy.\n\nUS Treasury Secretary Bessent's remarks on Monday supported the dollar after he disclosed the US would initiate a campaign to sever Iran from the global economy. He highlighted that the Treasury would target five key economic areas, including digital assets, technology, gold, aviation, and shipping. Iran's Supreme National Security Council reacted by warning that any country supporting America's economic war against Iran would be considered an act of war, with no oil exports either through the Strait of Hormuz or from the Persian Gulf.\n\nMarkets were pricing in a 43% probability of a +25 basis point rate hike at the upcoming FOMC meeting on September 15-16. EUR/USD (^EURUSD) declined by -0.14% on Monday, with the euro losing strength amid the dollar's gains. ECB Executive Board member Piero Cipollone's comments further undermined the euro, stating that raising interest rates to stabilize inflation could negatively impact economic growth.\n\nThe yen (USD/JPY) also experienced strength against the dollar on Monday, supported by low interest rate differentials and weaker crude oil prices, which are favorable for Japan's economy. The Bank of Japan's (BOJ) policy rate of 1.00% remains below the Federal Reserve's target range of 3.50%-3.75%. Lower US Treasury yields on Monday further bolstered the yen's position. Expectations of a BOJ rate hike in either September or October continue to support the yen, with an 80% chance of a +25 basis point hike at the September 18 meeting.\n\nGold (GCV26) and silver (SIU26) prices showed mixed performance on Monday, closing at a 3.5-month high for gold and a 4-month low for silver. Precious metals' gains were driven by concerns over dollar debasement and the potential for central banks to loosen monetary policy due to lower inflation expectations. Additionally, fund support for precious metals, including long holdings in gold and silver ETFs, signaled bullish sentiment for these assets. Strong central bank demand for gold, particularly in China, also contributed to the positive outlook for the precious metals market.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}