Forex
Euro Stabilizes Amid Rising Oil Prices and Inflation Worries
The Euro has stabilized around $1.1575-$1.1580 after a modest pullback from its two-month high.
Rising oil prices are keeping inflation risks and Fed hike bets on the table, supporting the US dollar.
Bets for a September ECB rate hike continue to support the Euro, but rising crude oil prices are fueling inflation worries and backing the case for at least one Fed rate hike by the end of this year.
The focus will remain on the release of FOMC Minutes on Wednesday, which will provide cues about the Fed's future policy path and influence near-term USD price dynamics.