The U.S. Dollar remained close to a two-year high on Monday, increasing by 0.28%. This rise is a result of the Federal Reserve's indication of a gradual approach to rate cuts, which has contributed to the recent strength of the currency.
The dollar's upward momentum continued throughout the previous week, supported by positive U.S. inflation data. Analysts at UBS have observed the potential for the dollar to maintain its strength, reflecting broader economic trends and expectations for monetary policy.