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FinanceDollar Steadies as Middle East Escalation Counters Soft US Inflation
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On Wednesday, July 15, 2026, the US dollar (greenback) held steady as investors weighed two opposing factors: renewed US military strikes on Iran, which typically support the dollar as a safe haven, and softer-than-expected US inflation data, which could reduce the likelihood of further Federal Reserve interest rate hikes. The US dollar index, which measures the currency against six major peers, edged up less than 0.1% to 100.97. The balance between geopolitical tensions and economic data kept the currency in a narrow range, reflecting market uncertainty about the direction of monetary policy and the potential for broader conflict in the Middle East.
Source report
LONDON — The greenback held steady on Wednesday (Jul 15) as investors weighed renewed US strikes on Iran against softer-than-expected US inflation data.
- The US dollar index, which tracks the currency against six major peers, edged up less than 0.1% to 100.97.
Photo: REUTERS
Source
The Business TimesWestern
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