Dollar Stands at 100.97 Amid Middle East Tensions

The U.S. dollar index was unchanged at 100.97 as markets assessed rising tensions in the Middle East and softer inflation data. The index rose to its highest since July 15 prior to this session. A recent survey indicates a 63.1% chance of a Federal Reserve interest rate hike at the September meeting, down from 90% before the latest inflation data. Additionally, Brent crude futures increased by 1.4% and have surged nearly 24% this month. The situation affects investor behavior and could imply volatility in future dollar performance.