# Dollar near six-week high amid Iran war jitters By Reuters

> The dollar held near six-week highs as traders weighed a possible near-term deal to end the Middle East war. Fed funds futures priced about 50% odds of a rate hike by October. Consumer sentiment fell to a record low in May on surging gasoline prices.

- Date: 2026-05-22 · published 2026-05-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19467-dollar-near-six-week-high-amid-iran-war-jitters-by-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising rate-hike odds and a firmer dollar tend to pressure dollar-denominated commodity prices, while energy-driven inflation keeps feed and freight costs elevated.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-25 | [Dollar near two-week high amid jitters over hawkish Fed, Ukraine](https://feedsoft.ai/events/43324-dollar-near-two-week-high-amid-jitters-over-hawkish-fed-ukraine.md) | +0.3% | -0.4% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2022-01-26 | [Dollar rises to five-week high after Fed policy decision \| Reuters](https://feedsoft.ai/events/12221-dollar-rises-to-five-week-high-after-fed-policy-decision-reuters.md) | +0.2% | -0.4% |
| DXY | 2022-04-25 | [U.S. dollar rises to two-year high; yuan tumbles \| Reuters](https://feedsoft.ai/events/4945-u-s-dollar-rises-to-two-year-high-yuan-tumbles-reuters.md) | +1.2% | +1.1% |
| DXY | 2026-09-22 | [Canadian dollar hits nearly seven-week low on wider yield spreads \| Reuters](https://feedsoft.ai/events/17699-canadian-dollar-hits-nearly-seven-week-low-on-wider-yield-spreads-reuters.md) | +1.1% | +1.4% |

## Sources

- investing.com: https://www.investing.com/news/forex-news/dollar-perched-near-sixweek-high-on-uncertainty-over-usiran-deal-4705689

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.