Forex
Dollar Weakens as Easing Tensions Shift Focus to Fed Meeting
The US dollar weakened against major currencies on Monday as investors unwound safe-haven positions following easing tensions between the US and Iran.
A sharp decline in oil prices reduced fears of inflation shocks, while lower Treasury yields diminished a key source of support for the dollar.
Despite the pullback, few investors are willing to bet against the dollar ahead of this week's Federal Reserve meeting, where Chair Kevin Warsh is expected to provide clues on the policy outlook.