The dollar strengthened against major currencies early Monday. Strong US jobs data and ongoing geopolitical tensions involving Iran and the US boosted demand for the safe-haven currency. Oil prices saw a jump. China’s export growth accelerated in April. US President Donald Trump and Chinese President Xi Jinping are set to discuss key global issues later this week.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed