Dutch International: The US dollar may continue to receive support before the Fed decision is announced.

Chris Turner of Dutch international group stated in a report that the US dollar is expected to continue to receive support before the Federal Reserve's policy decision on June 17. Data from the London Stock Exchange Group shows that stronger-than-expected US non-farm payroll figures on Friday prompted the market to fully reflect expectations of a 25 basis point rate hike before the end of the year and another hike next year. Turner stated that the Federal Reserve is in a communication blackout period before the meeting, which means policymakers have "little room" to dispute these expectations. The conflict between Israel and Iran, which has reignited, has also boosted the dollar due to increased safe-haven demand and rising oil prices. The DXY dollar index was flat at 100.076, after touching a two-month high of 100.174 overnight. The Dutch international group believes that the index may break above resistance levels of 100.250-100.650.