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JPMorgan Sees ECB Raising Rates to 2.75% in December 
US Oil Blockade Deepens Iran’s Economic Crisis 
China Expands Influence in Global Gold Market 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
Turkey Targets 5% Economic Growth by 2029 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Asian Currencies Rise as Yen Surges on Fed Rate Outlook 
China to Inject $45 Billion Into State Financial Institutions 
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The U.S. dollar strengthened slightly on Monday as investors turned to safe-haven assets following rising tensions between Washington and Tehran. Market sentiment remained cautious ahead of key U.S. inflation reports expected later this week, with traders closely monitoring the impact of surging oil prices on the economy.
The U.S. Dollar Index, which measures the greenback against six major currencies, climbed 0.1% to 97.96 during late trading. The move came after President Donald Trump rejected Iran’s latest proposal aimed at ending the ongoing conflict between the two countries.
Iran reportedly requested recognition of its sovereignty over the Strait of Hormuz, an end to hostilities, and compensation for war-related damages. Trump dismissed the proposal as “totally unacceptable,” criticizing Tehran for failing to address its nuclear program. He also described the current ceasefire as “unbelievably weak,” adding further uncertainty to global markets.
The Strait of Hormuz, a critical route for global oil shipments, remains a major point of conflict. Supply disruptions have pushed crude oil prices sharply higher, fueling concerns about inflation worldwide. Analysts believe elevated oil prices could continue supporting the U.S. dollar because the American economy is seen as more resilient than many others during energy shocks.
Investors are now focused on upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Economists expect energy costs to remain a major driver of inflation, while markets will also look for signs that higher fuel prices are spreading into core inflation categories. Stronger inflation data could reinforce expectations that the Federal Reserve may maintain higher interest rates for longer, which would likely support the dollar further.
Elsewhere, the Chinese yuan edged higher after stronger-than-expected inflation data from China, while the British pound and euro both slipped against the dollar amid political and economic uncertainty.
