{
  "id": 4981249,
  "title": "Dollar holds firm as Middle East hostilities lift oil",
  "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T01:02:49.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/dollar-holds-firm-middle-east-hostilities-lift-oil-6356311"
  },
  "original_language": "en",
  "account": "The dollar remained stable on Wednesday as tensions in the Middle East led to a rise in oil prices, reigniting worries about inflation. The currency's appeal as a safe-haven asset was bolstered by higher Treasury yields and growing expectations of a Federal Reserve rate increase, despite recent economic data falling short of expectations. The United States launched airstrikes on Iran on Tuesday, triggering Iranian counterattacks in the most significant escalation in weeks. Oil prices jumped nearly 1 percent early on Wednesday, with Brent futures increasing 0.92 percent to $95.52 a barrel and U.S. West Texas Intermediate (WTI) crude rising 0.89 percent to $91.02. Kumiko Ishikawa, a senior FX analyst at Sony Financial Group, emphasized the need for ongoing caution regarding the Middle East situation. The dollar index, which evaluates the greenback against a basket of currencies, including the yen and euro, stood at 99.67. Economic indicators released overnight for July, such as JOLTS job openings and the August ISM manufacturing index, were below forecasts. However, market expectations of a Federal Reserve rate hike have been reinforced, with a 67 percent chance of a September increase, up from around 40 percent a week prior, according to CME Group's FedWatch tool. The U.S. data, such as the upcoming jobs report and August's consumer price inflation figures, could be offset by heightened tensions in the Middle East if the economic data are weak.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Al-Monitor",
        "title": "China's Xi lands in Egypt as Iran war reshapes Middle East alliances",
        "url": "https://urgent.news/2026/09/01/chinas-xi-lands-in-egypt-as-iran-war-reshapes-middle-east-alliances",
        "published": "2026-09-01T17:46:41.000Z"
      },
      {
        "outlet": "Toronto Sun",
        "title": "Canada left high and dry in cricket world with war in Middle East",
        "url": "https://urgent.news/2026/09/01/canada-left-high-and-dry-in-cricket-world-with-war-in-middle-east",
        "published": "2026-09-01T18:15:51.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4983459",
        "published": "2026-09-02T01:02:49.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4985775",
        "published": "2026-09-02T01:07:33.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "The USS Abraham Lincoln arrives in Thailand following its Middle East deployment",
        "url": "https://urgent.news/2026/09/02/the-uss-abraham-lincoln-arrives-in-thailand-following-its-middle-east",
        "published": "2026-09-02T01:14:35.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar holds firm as Middle East hostilities drive oil prices higher",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-drive-oil-prices-higher",
        "published": "2026-09-02T01:21:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4988805",
        "published": "2026-09-02T01:26:17.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4991525",
        "published": "2026-09-02T01:49:33.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Gold hits over 3-week low as Middle East tensions fan rate-hike fears",
        "url": "https://urgent.news/2026/09/02/gold-hits-over-3-week-low-as-middle-east-tensions-fan-rate-hike-fears",
        "published": "2026-09-02T02:39:00.000Z"
      }
    ]
  },
  "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."
}