Market News
Dollar edges up as investors weigh Iran peace hopes against Fed rate outlook - REUTERS
Summary
- Investors focus on chances of Fed rate hikes
- Oil drops after Trump remarks lift peace hopes
- Yen returns to intervention zone close to 160
By Stefano Rebaudo
May 19 (Reuters) - The U.S. dollar rose on Tuesday as investors balanced cautious hopes for a Middle East peace deal against concerns that the Federal Reserve could raise rates to curb energy-driven inflation.
U.S. President Donald Trump said on Monday there was now a "very good chance" of reaching a deal limiting Iran's nuclear program.




