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Forex

Dollar Rises Amid Oil Price Drop, Rate Hike Uncertainty

Guavy AI Editorial Team
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USD
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The US dollar rose slightly on Tuesday but remained near a two-month high as investors weighed declining oil prices against potential rate hikes from the Federal Reserve.

Oil prices dropped more than 2 percent to a two-week low following Iran's proposal to reopen the Strait of Hormuz within seven days if the US eases military pressure.

This news hinted at the prospect of reviving negotiations between Iran and the US, with both countries' presidents due to address the UN General Assembly in New York.

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