The U.S.-Iran negotiations are hanging in the balance, and the U.S. dollar has risen in the meantime. With the Strait of Hormuz closed, inflation is set to creep higher again, and the central bank’s interest rate hike is hanging over everyone’s heads.

BlockBeats reported that in early June, traders expect the US dollar to strengthen over the next few weeks, due to uncertainty surrounding US-Iran negotiation prospects and an AI-driven rise in US equities. The US Dollar Index rose last month as investors assessed the difficulty of the talks. The war led to the closure of the Strait of Hormuz and an increase in energy prices, and central banks may raise interest rates again due to inflation. On Monday, the index rose by 0.4%. Previously, it was stated that Iran would stop exchanging information with the US side.