Dollar Gains as Global Economy Awaits Crucial Data Releases

The global economy is bracing for a crucial week of data releases and Fed speak that could validate rate hike bets. The US dollar has gained strength, while the euro may suffer if eurozone inflation challenges ECB hike expectations.

Oil prices remain in the driver's seat due to ongoing geopolitical uncertainty, with winter upon us and no breakthrough in stalled talks between the US and Iran.

The Nasdaq 100 index and cryptocurrencies have been on the front foot, posting solid gains despite muted risk appetite. Bitcoin has risen to a fresh eight-month high, around 50% above its June trough.