Monthly dollar rises hit one-year high
The US dollar index rose slightly on Monday, continuing its biggest monthly gain in over a year, driven by tensions in the Middle East and rising oil prices, which increased demand for the currency as a safe haven. Developments in the region have come to the forefront, as strikes between the United States and Iran have raised investor concerns about the fragility of the ceasefire, while upcoming US employment data is expected to influence the Federal Reserve's decisions on interest rates. Major currencies declined against the dollar, with forecasts indicating a monthly decrease of approximately 2.3% and 2% against the euro and British pound, respectively.
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