Dollar eases as oil and bond yields rise on war fears
The dollar eased as Middle East tensions pushed oil above $110. Bond yields rose while investors watched for yen intervention. Fed rate hike signals stay key.
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The United States dollar index fell to 99.17 on Monday as rising oil prices and bond yields pressured global risk appetite. The currency posted its strongest weekly performance in three months last week. Investors now face a 50% probability of a December rate hike as energy-driven inflation persists.
