Dollar firms as a safe haven while US Treasury yields climb on the oil spike
Jul 22, 2026
The US dollar index stood at about 100.6 in the days to 22 July 2026, firming on safe-haven demand amid the Iran-US war and the jump in oil prices. The yield on 10-year US Treasuries rose above 4.63 percent and the 2-year yield above 4.25 percent.
With the war risk premium lingering in oil prices, some bond traders are pricing in the possibility of a Federal Reserve rate hike, whereas the market had earlier expected a hold at the 29 July meeting. A stronger dollar and higher US yields typically weigh on gold pricing and on the rial, which is how this connects to Iran's market.
Source
Yahoo Finance
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