Dollar climbs amid Iran talks and US jobs data

The US dollar is on track to achieve weekly gains against major currencies, as investors anticipate talks between Iran and the United States and the possibility of the Federal Reserve raising interest rates in September. The dollar's support was driven by rising US Treasury yields and higher oil prices, which in turn increased pressure on inflation and the need for rate hikes. It is expected that the US non-farm employment report will indicate the addition of around 80,000 jobs last month, which could influence the Fed’s decisions regarding interest rates. There is some hesitation about a rate hike in September, with expectations to wait until December for further monetary tightening.

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