# Dollar gains as Iran war keeps central banks in wait-and-see mode

> The dollar index rose 0.21% to 98.58 as central banks stayed in wait-and-see mode due to the Iran war. Fed funds futures priced only a 28% chance of a single cut by the end of 2026, down from two cuts previously expected.

- Date: 2026-05-01 · published 2026-05-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19919-dollar-gains-as-iran-war-keeps-central-banks-in-wait-and-see-mode
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced odds of Fed easing support the dollar and raise financing costs for commodity holders, which can weigh on dollar-priced feed commodity values.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-16 | [U.S. dollar gains as risk tolerance drops with hawkish central banks \| Reuters](https://feedsoft.ai/events/38416-u-s-dollar-gains-as-risk-tolerance-drops-with-hawkish-central-banks-reuters.md) | -0.3% | -2.7% |
| DXY | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +0.4% | -2.2% |
| DXY | 2020-04-03 | [Is there a dollar funding squeeze in China? - Central Banking](https://feedsoft.ai/events/53879-is-there-a-dollar-funding-squeeze-in-china-central-banking.md) | -0.9% | -1.0% |
| DXY | 2019-02-25 | [Dollar crown intact as central banks emulate Fed tightening pause](https://feedsoft.ai/events/60766-dollar-crown-intact-as-central-banks-emulate-fed-tightening-pause.md) | +0.2% | +0.4% |
| DXY | 2026-01-30 | [GBP/USD dips as US Dollar gains on Senate deal, BoE meeting in focus](https://feedsoft.ai/events/21300-gbp-usd-dips-as-us-dollar-gains-on-senate-deal-boe-meeting-in-focus.md) | +0.9% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/dollar-week-high-markets-raise-doubts-over-iran-ceasefire-2026-04-22/

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