ING: The prospect of rising US interest rates may support the US dollar.

Odaily Planet Daily reports that Chris Turner of ING stated in a report that the increasing prospect of a Federal Reserve interest rate hike should support the US dollar. Even with news of concrete progress in US-Iran peace negotiations, the dollar should not have much room to fall. He pointed out that Federal Reserve Governor Waller recently warned that if oil prices remain high, the possibility of an interest rate hike cannot be ruled out. Meanwhile, due to economic fragility, investors have lowered their expectations for interest rate hikes in the Eurozone and the UK. (Jinshi)