Several Fed officials pointed to resilient growth and a strong labor market as reasons for further hikes, while attention now moves to the Fed’s preferred inflation measure and key US jobs data.

The dollar stayed firm as expectations for further Fed tightening and high Treasury yields weighed on major currencies. EUR/USD slipped to 1.1391, down 1.95% over the past month, while the yen weakened toward 158 per dollar despite growing speculation that the BOJ could hike again in October.

Brent rebounded above $106 after Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz.