Dollar Stuck in Neutral as Markets Wait on US-Iran Resolution

The US dollar remains flat as markets wait for clarity on the US-Iran conflict and upcoming inflation data.

Last week's jobs report showed mixed signals, with a loss of 23,000 jobs but a declining unemployment rate at 4.1%. This weakens the Fed's case for tightening interest rates.

Canada's job gains of 75,000 surpassed expectations, making CAD the top performer among G10 currencies since the jobs reports double-header.

The dollar is caught between oil and inflation data, with markets expecting a potential volatility spike if US-Iran conflict resolution doesn't materialize.