Dollar Index Steady at 99.13 Amid U.S.-Iran Negotiations

AI Summary

On June 2, 2026, the dollar index was down 0.05% at 99.13, having traded in a narrow range of 98.9 to 99.5 since May 15. Investors are closely watching U.S.-Iran negotiations for a potential peace deal and awaiting U.S. economic data that could influence Federal Reserve policy. A deal would likely ease pressure on oil-importing currencies, while the euro increased by 0.12% to $1.1645. Traders have begun pricing in increased European Central Bank rate hikes, further reflecting market expectations for monetary policy changes in both the U.S. and Euro zone.