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fxJun 22, 2026, 9:04 PM

US Dollar Surges Near Recent Highs Ahead of PCE Inflation Data

The US Dollar traded near the 101.00 level on Monday, close to a 13-month high, as investors weigh softer oil prices, US-Iran peace hopes, and expectations of a hawkish Fed ahead of PCE inflation data.

DXY

The US Dollar (USD) traded near the 101.00 level on Monday, holding close to the 13-month high of 101.13 reached last Friday. Market participants are balancing softer oil prices, renewed hopes for peace between the US and Iran, and expectations that the Federal Reserve will maintain a hawkish stance.

Attention now turns to the upcoming PCE inflation data, which could provide further direction for the greenback. These factors collectively support the dollar's recent strength as investors position for the next policy signals.

Source: FXStreet Forex News