Dollar Steady Ahead of Fed, BOJ Rate Hikes

The dollar was stable on Monday as investors waited for major monetary policy decisions from the Federal Reserve and Bank of Japan.

The yen held onto its recent gains, approaching a seven-month high due to expectations of rate hikes from both central banks in a pivotal week for monetary policy.

The ongoing US-Israeli war with Iran has caused oil prices to surge above $100 per barrel, putting pressure on policymakers to adjust their interest rates amid market volatility.