US Dollar Rises Amid Fragile Middle East Peace Talks
The U.S. dollar index rose 0.184 percent to 99.195 as markets reacted to stalled negotiations between the U.S. and Iran following weekend military strikes. Investors are monitoring the potential reopening of the Strait of Hormuz while awaiting U.S. jobs data and a speech from the Bank of Japan.
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The United States dollar rose 0.184% to 99.195 on Monday as escalating Middle East tensions disrupted fragile peace negotiations. The move follows a 0.4% decline last week when markets anticipated the reopening of the Strait of Hormuz. The closure has lifted oil prices and worsened the inflation outlook, leading some observers to expect the Federal Reserve would raise rates this year.
