Dollar Wobbles Amid Global Rate Hike Speculations

The dollar's value wobbled on Monday due to rising concerns about global interest rate hikes and inflationary pressures.

Escalating Middle East tensions have investors on edge, leading them to seek safer havens like the Japanese yen.

In early Asia trading, currency movements were moderate, partly because of the US market holiday following a positive jobs report.

The European Central Bank and Bank of Japan futures indicate likely rate hikes, which has led to the yen's recent appreciation.