⚡️🇺🇸🇮🇷 — U.S. Dollar Holds Near Two-Month Highs Driven by U.S.-Iran Oil Surge and Hawkish Fed Rate Expectations, — Reuters.

​➡️ The U.S. dollar remained supported near a two-month high on Monday, tracking strong monthly gains as ongoing geopolitical friction in the U.S.-Iran standoff pushed Brent crude futures above $107 a barrel. Following President Donald Trump's rejection of an Iranian peace proposal aimed at reopening the Strait of Hormuz, surging energy costs and persistent supply risks have amplified global inflation concerns. These dynamics have driven up long-end Treasury yields and prompted investors to price in a more aggressive Federal Reserve, with CME Group data indicating a 65 percent probability of a rate hike at the upcoming October policy meeting.

​➡️ Broader foreign exchange markets reflected continued greenback strength, with the euro hovering near two-month lows at $1.1386 and sterling holding near a three-month low following hawkish remarks from Bank of England Governor Andrew Bailey. Meanwhile, attention shifts toward a data-packed economic calendar featuring the U.S. PCE index and non-farm payrolls, alongside international indicators including Japanese service-sector inflation prints and an anticipated 25 basis point rate hike from the Reserve Bank of Australia.

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