Dollar Steady Amid Shifting Middle East Peace Hopes

The US dollar remained stable on Monday as traders weighed new Iranian proposals against a stalled peace process. Markets are awaiting key central bank meetings.

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The United States dollar maintained a steady position on Monday as global markets reacted to conflicting signals regarding the conflict with Iran. While initial hopes for a swift diplomatic resolution wavered over the weekend, new reports suggesting a potential proposal to reopen the Strait of Hormuz have provided a cautious lift to investor sentiment.

A collection of U.S. dollar bills is displayed in an illustrative photo from March 2026. REUTERS/Dado Ruvic/Illustration
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