Forex Industry
Posted 1 hour ago
Dollar stabilizes as traders gauge rate path and Middle East risks
The dollar stabilized Tuesday after posting moderate recovery gains Monday, as market optimism about a diplomatic resolution to the Iran conflict fades and uncertainty over the talks drives safe-haven demand. Traders are watching for progress on US-Iran negotiations while also awaiting a batch of US economic data — Goods Trade Balance, JOLTS Job Openings, and June Factory Orders — for clues on the Fed's rate path. The dollar was strongest against the New Zealand dollar this week, while the euro stayed subdued near $1.1500 for a third straight session as traders look ahead to Friday's nonfarm payrolls report.
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