Analysis: After the US and Iran reached an agreement, the US raised interest rates in a bet to curb the decline of the US dollar.

The strategist at Yu Xin Investment Research Institute stated that after the temporary peace agreement between the United States and Iran, the market decreased but did not completely eliminate the expectations of the Fed raising interest rates, thus limiting the decline of the US dollar. Data from the London Stock Exchange Group shows that the market believes there is a 68% probability of a 25 basis point rate hike in December, and fully reflects expectations for action by March. The strategists stated in a report that a rate hike is still possible, which should make the decline of the US dollar less severe compared to other assets. They indicated that this is just a temporary agreement, laying the groundwork for a new round of 60-day negotiations on the fate of Iran's nuclear program. The DXY dollar index fell by 0.2% to 99.517.