Dollar Index Climbs 0.06% After US-Iran Talks Boost Optimism

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The dollar index rose 0.06% to 100.90 as the first round of U.S.-Iran talks in Switzerland created optimism for a peace deal. U.S. crude oil fell 2.61% to $74.60 per barrel, while Brent crude dropped 3.21% to $77.98. The British pound increased 0.12% to $1.3248 after Labour leader Keir Starmer announced his resignation, leading to political uncertainty. Against the Japanese yen, the dollar softened 0.02% at 161.32, nearing a two-year low. Both Deutsche Bank and BofA adjusted their forecasts for the Federal Reserve to include potential rate hikes in September.