Rising oil prices suppress Fed's interest rate cut bet, US dollar strengthens Odaily Planet Daily News: Due to the rise in oil prices, swap traders have reduced their bets on the Federal Reserve's interest rate cuts this year, and the US dollar has strengthened against all major currencies. The inflationary impact of rising oil prices has led swap traders to expect the Federal Reserve to cut interest rates by about 59 basis points this year, compared to last Friday's expectation of 61 basis points. Sydney Macquarie Group strategist Gareth Berry said this could be an early signal that the market believes the willingness of the Federal Reserve to cut interest rates will decrease if oil prices continue to soar and ultimately translate into higher inflationary pressures in the United States. The deterioration of risk sentiment has also contributed to the rise of the US dollar. After Iran's national security chief stated that the country would not negotiate with the United States, S&P 500 index futures fell 1.5%. US President Trump stated that the bombing campaign against Iran will continue until its objectives are achieved and called on Iranian leaders to surrender. On Monday, except for gold, the dollar was one of the few traditional safe haven assets that rose, while US treasury bond bonds, the yen and the Swiss franc all fell. (Golden Ten)