Forex

Dollar Fluctuates Amidst Middle East Tensions and Federal Reserve Decision

Guavy AI Editorial Team Published July 29, 2026

Instruments

USD

The US dollar has temporarily halted its upward trajectory due to global uncertainty and market volatility.

Tensions in the Middle East have surged after the United States and Saudi Arabia launched strikes against Iran-backed groups in Iraq, pushing oil prices higher.

Investors are awaiting a crucial interest rate decision from the Federal Reserve later today, which carries a 30% probability for a rate hike.

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