"The lack of progress in diplomatic talks could continue to fuel safe-haven demand. At the same time, markets could remain cautious amid Japanese intervention to support the yen, which could weigh on the dollar to a certain extent."
"This week's ISM Services PMI, JOLTs job openings, and other employment reports will provide a clearer read on the strength of the labour market and broader economic momentum."
"Current monetary policy expectations point to interest rates remaining unchanged until late next year. However, ongoing inflation concerns could continue to drive yields higher, supporting the dollar."
"Geopolitical developments could continue to drive sentiment as higher oil prices could fuel more inflationary risks, supporting both Treasury yields and the dollar, while a de-escalation would likely have the opposite effect."
The dollar index showed stability on Monday due to ongoing geopolitical tensions in the Middle East. Diplomatic stagnation may increase safe-haven demand. Japanese intervention to support the yen could impact the dollar. Market attention is shifting towards US economic data, including ISM Services PMI and JOLTs job openings, which may affect Federal Reserve policy. Current expectations suggest interest rates will remain unchanged until late next year, but inflation concerns could elevate yields, supporting the dollar. Geopolitical events and oil prices may further influence market sentiment.
Read at London Business News | Londonlovesbusiness.com
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