Failure of US-Iran Talks Weigh on Risk Assets Monday
The dollar is expected to rise on Monday, after falling 1.4% last week, along with oil prices, analysts said.
Photographer: Michael Nagle/BloombergThe dollar rose against major peers in early trading after the US and Iran failed to strike a peace deal over the weekend, weighing on sentiment and lifting demand for some haven assets.
Risk-sensitive currencies led losses, with the Australian dollar and South African rand down 1% each. Oil futures jumped after the US moved to blockade the Strait of Hormuz, while a gauge of Asia Pacific equities slid. Treasuries and gold also fell.