he dollar index extended losses to 97.8 on Monday, back again to 2022-lows, as traders dialed back some risk-off positioning while closely watching developments in the Israel-Iran conflict.
Sentiment further improved following reports that Iran is signaling a willingness to resume negotiations over its nuclear program. The Wall Street Journal reported that Tehran has informed Arab officials that it is open to resuming negotiations, provided the United States refrains from participating in the attacks, citing officials.
The news come as Israel and Iran continued to exchange attacks for a fourth consecutive day. Meanwhile, attention is turning to a busy week of monetary policy decisions, with a particular focus on the Fed.
The Fed is widely expected to hold the federal funds rate steady, but markets will be closely analyzing the central bank's updated economic projections, especially for insights into how policymakers view the broader economic impact of President Trump's policies.
Source: Trading Economi
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