Forex
Dollar Surges as Iran Tensions Lift Oil Prices
The US dollar strengthened on Monday to hold near a two-month high as tensions between the US and Iran continued to boost oil prices. The standoff has pushed up crude prices, but investors are also looking ahead to this week's data releases for clues on inflation and central bank moves.
The euro and sterling both fell 0.1% against the dollar, trading at $1.1379 and $1.3232 respectively. These levels are near multi-month lows against the greenback.