Dollar Struggles Despite Fed Hike Bets
The dollar wobbled on Monday despite rising expectations for a Federal Reserve rate hike. Global central bank tightening and US debt worries weighed on the currency.
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The United States dollar traded flat at 99.16 on Monday, struggling to sustain momentum despite a jump in rate-hike bets. Middle East tensions and growing fiscal deficits continue to pressure the greenback. Global central bank tightening is eroding the U.S. yield advantage.
