ING Group's Chris Turner suggests that the likelihood of the Federal Reserve raising interest rates is expected to support the US dollar. Despite potential progress in US-Iran peace talks, Turner believes the dollar's decline will be limited. Federal Reserve Governor Christopher Waller recently indicated that sustained high oil prices could lead to a rate hike. In contrast, investor expectations for rate hikes in the Eurozone and the UK have diminished due to economic fragility.
ING Predicts US Rate Hike Prospects to Bolster Dollar
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