Dollar Index Holds at 98.8 Amid Debt Burden Concerns

The dollar index held its decline around 98.8 on Monday, remaining under pressure after posting significant losses last week.

This comes as Treasury Secretary Bessent outlined a debt-buyback strategy to help influence the yield curve and manage borrowing costs.

Investors are also monitoring tensions in the Middle East, with the US expected to announce new sanctions against Tehran, which Iran has described as 'bound to fail'.