Dollar wavers as Fed hike expectations lift, yen sentiment turns
The dollar was on shaky ground on Monday even as U.S. rate hike bets ramped up. Middle East tensions raised the prospect of broader inflation, prompting yen-related sentiment shifts.
S. rate hikes picked up after Middle East tensions raised the risk of wider inflationary pressures that could push global central banks to tighten policy together. Sentiment toward the Japanese yen also improved, while worries abo…