According to Svmuu, Chris Turner of ING Group stated in a report that the increasingly likely prospect of the Federal Reserve raising interest rates should provide support for the US dollar. Even with news of concrete progress in peace talks between the US and Iran, the dollar should not have much room to decline. He noted that Federal Reserve Governor Christopher Waller warned in a recent speech that if oil prices remain elevated, the possibility of a rate hike cannot be ruled out. Meanwhile, due to fragile economies, investors have lowered their expectations for interest rate hikes in the Eurozone and the UK. (Jin10)