Fed's Waller Warns Rate Hike Possible If Oil Prices Remain Elevated; Dollar Supported

According to Nikkei, Federal Reserve Governor Christopher Waller warned in recent remarks that a rate hike cannot be ruled out if oil prices stay elevated, supporting the U.S. dollar's near-term outlook. ING's Chris Turner noted that the Fed rate hike prospect is strengthening and should support the dollar even amid U.S.-Iran peace negotiations. Meanwhile, investors have reduced expectations for interest rate increases in the eurozone and U.K. due to economic fragility.
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