The dollar index climbed to around 99.3 on Wednesday, extending its advance for a third straight session. The move reflects persistent conflict risk in the Middle East, which pushed energy prices higher and revived inflation concerns.

Markets scaled back expectations for near-term Federal Reserve easing. Current pricing suggests the first rate cut could arrive in September rather than July, while two 25-basis-point cuts are still expected over the course of the year.

Take a look at today's market update!