Dollar Falls 0.12% to 99.95 as Iran Says First Wave of Israel Strikes Has Ended
Updated
Updated · CNBC · Jun 8
Dollar Falls 0.12% to 99.95 as Iran Says First Wave of Israel Strikes Has Ended
3 articles · Updated · CNBC · Jun 8
Summary
The dollar index slipped 0.12% to 99.95 on Monday, retreating from a nearly two-month high after Iran said its first wave of attacks on Israel was over.
Tehran's statement pulled investors back into currencies hit after Friday's strong U.S. payrolls data had revived bets on a Federal Reserve rate hike this year.
The euro edged up to $1.1533 and sterling to $1.3390, while the yen strengthened to 160.12 per dollar after earlier sliding as low as 160.725.
Rate expectations still underpin the greenback: markets price about a 40% chance of a Fed hike by October, with U.S. CPI on Wednesday and the ECB meeting this week now the main catalysts.