The media pointed to the dollar's holding at a minimum level before the Fed meeting

The dollar is holding at a three-year low amid expectations of a Federal Reserve meeting and high oil prices. This was reported on June 18 by the Bloomberg news agency.

It is clarified that spot traders expect that Fed Chairman Jerome Powell will recognize the weakening of core inflation in the United States, which will be a harbinger of lower interest rates.

Meanwhile, the escalation of the conflict between Israel and Iran led to an increase in oil prices, which indirectly helped the dollar, given the status of the United States as a net exporter.

"Money markets are now in favor of two cuts [in US loan rates] by 25 basis points by the end of the year and estimate a 68% probability that the first will occur in September," the material says.

However, Fed officials are expected to leave rates unchanged for the fourth consecutive meeting, while updating their economic and political forecasts. Earlier, they warned that the policy of duties of the American leader Donald Trump could increase inflation and unemployment.

And oil: Brent is forecast to rise to $100 amid the Iranian-Israeli conflict

How did the markets react to the new round of escalation in the Middle East and what to expect next

Earlier, on June 16, experts reported that the escalation of the Iran-Israel conflict would cause a further increase in Brent crude oil prices, up to $100 per barrel by the end of June. Against the background of the outbreak, raw materials have already risen in price to $78. In the future, the situation in the Middle East can further accelerate global inflation — global stock markets have already reacted to these risks by falling.