The Federal Reserve says it doesn't rule out a rate hike, but the market has already started repricing the dollar, while Europe and the UK are actually backing down.

Crypto World News reports that, according to Chris Turner of ING Group, the U.S. dollar is expected to find support as the prospect of Federal Reserve rate hikes increases. Even with news of concrete progress in US-Iran peace negotiations, the dollar should not have much room to decline. He pointed out that Federal Reserve Board member Waller warned in a recent speech that if oil prices remain high, the possibility of rate hikes cannot be ruled out. At the same time, due to economic fragility, investors have lowered their expectations for rate hikes in the Eurozone and the UK.