US DOLLAR HOLDS STEADY AS FEARS OVER ENERGY INFLATION RETURN ON OPEC SURPRISE

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Following the rebound witnessed on Friday, the US Dollar (USD) started the new week on a bullish note and the US Dollar Index recovered toward 103.00 during the Asian trading hours. Market participants reassess the US Federal Reserve’s (Fed) rate outlook amid renewed concerns over an uncomfortably high energy inflation. The ISM’s Manufacturing PMI survey could impact the USD valuation in the second half of the day on Monday.

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