Chris Turner: Expectations of Fed Rate hikes Support US Dollar

Chris Turner from Dutch International Group stated that the enhanced prospect of the Federal Reserve raising interest rates will support the US dollar, and even if progress is made in the US Iran peace talks, the downside space for the US dollar is limited. He mentioned that Federal Reserve Governor Waller warned that high oil prices could trigger interest rate hikes, while investors in the eurozone and the UK lowered their expectations for rate hikes due to economic fragility.