India, June 23 -- The U.S. dollar strengthened against most major currencies in the European session on Tuesday, as traders focus on the Federal Reserve's (Fed) probable intention to maintain higher interest rates for a longer period of time.
Any downward pressure from reducing geopolitical tensions between the US and Iran was effectively neutralized by this hawkish view.
According to the Federal Open Market Committee's (FOMC) Economic Projections report released last week, nine out of 19 policymakers anticipate a rate increase in 2026.
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