Dollar Gains Momentum as Energy Prices Continue to Rise

The US dollar has finally aligned itself with its supporting factors, including front-end rates, high energy prices, and soft risk sentiment. This alignment was seen in the strong start to the week for the dollar.

One of the key drivers of the dollar's strength is the rise in oil prices, which continues to support Brent at around $107 per barrel. The latest news on reduced Saudi output and delayed negotiations has contributed to this trend.

The Federal Reserve's upcoming announcement tomorrow evening will likely have a significant impact on the dollar's trajectory. Analysts expect further gains for the USD, with some predicting it could reach 100.0 in the near term.