The dollar slightly retreated from its 10-month highs on Monday, kicking off a volatile week as investors brace for a series of central bank meetings amid the U.S.-Israeli war on Iran. Attention will focus on how policymakers assess the impact of rising oil prices on inflation and growth. At least eight central banks, including the U.S. Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan, will meet this week to set interest rates, marking their first monetary policy gatherings since the Middle East conflict began. Carol Kong, a currency analyst at Commonwealth Bank of Australia, said: 'The war creates...'
Dollar Retreats as Middle East Tensions Rise
The dollar slightly retreated from its 10-month highs on Monday, kicking off a volatile week. Investors brace for a series of central bank meetings, including the Fed, ECB, Bank of England, and Bank of Japan, to set interest rates amid the U.S.-Israeli war on Iran. Attention will focus on the impact of rising oil prices on inflation and growth.