Dollar stays near 18-month high as Mideast conflict, inflation data in focus

October 12, 2026

The dollar’s steadiness reflects a cautious market responding to geopolitical stresses in the Middle East, which have dampened investor confidence. Fluctuations in oil prices continue as conflict in Saudi Arabia disrupts infrastructure, paired with controversial ceasefire news. Investors focus on the looming US consumer price index report, which will influence Federal Reserve interest rate policies.

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