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Dollar rises with Iran conflict, US rate outlook in focus

Summary by Kitco NEWS
May 28 (Reuters) - The U.S. dollar was higher on Thursday, just off its strongest level since ​early April touched in Asian trading hours, as doubts grew over prospects of a deal to reopen the Strait of Hormuz ‌and focus shifted to possible U.S. interest rate hikes.Iran's Revolutionary Guard targeted a U.S. airbase on Thursday according to an Iranian media report, hours after U.S. President Donald Trump rejected a report he was close to a compro…
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Kitco NEWS broke the news on Thursday, May 28, 2026.
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