Dollar Steady as Investors Weigh Middle East Jitters Against Softer Inflation Data
The US dollar remained largely unchanged on July 21, 2026, as investors balanced concerns over escalating US-Iran tensions in the Middle East against softer-than-expected inflation data. The US dollar index, measuring the currency against six major peers, held steady at 100.97. The lack of clarity regarding the trajectory of the US-Iran conflict has left the dollar in a state of limbo, with market participants uncertain about the potential economic and geopolitical fallout. Meanwhile, softer inflation figures provided some counterbalance, suggesting that the Federal Reserve may have room to ease monetary policy. The article, published by The Business Times in Singapore, highlights the conflicting pressures on the dollar from geopolitical risk and macroeconomic data, reflecting a cautious market sentiment.
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