Dollar Steady at 99.97 Amid US-Iran Clashes and Inflation Data

AI Summary

On June 10, 2026, the dollar index was steady at 99.97 as tensions between the U.S. and Iran increased. Iran retaliated with missile and drone attacks on U.S. bases in Jordan, Kuwait, and Bahrain. Markets are awaiting key U.S. inflation data and consumer price index data for May, crucial for determining the Federal Reserve's interest rate path. Analysts suggest that strong U.S. economic data could lead to a potential strengthening of the dollar, especially if inflation accelerates, influencing rate hike expectations.