Global economic uncertainty due to Middle East conflict and European rate decisions

From Yahoo Finance: 2025-06-18 22:15:00

The dollar rose amid Middle East conflict fears and European rate decisions, with the Fed and Bank of England keeping rates steady. The Swiss franc strengthened after an expected rate cut, but the Norges Bank surprised with a rate cut. The dollar and euro both rose against the Norwegian crown, while the dollar index was flat.

Fed Chair Powell warned of inflation from Trump’s tariffs, leading to uncertainty about U.S. interest rates. Markets anticipate at least two rate cuts this year, but the Fed may stay on hold through the summer. Trump called for lower rates, adding to pressure on the Fed. U.S. markets were closed for Juneteenth holiday.



Read more at Yahoo Finance: Dollar holds steady as Middle East keeps investors jittery