The U.S. dollar climbed higher against some of its major counterparts in the Asian session on Monday, but slowly lost its way mid-way through and turned weak against a few currencies.
The dollar surged on safe-haven appeal as geopolitical tensions in the Middle East heightened following Hamas' violent attack on Israel over the weekend.
Israel retaliated, and the fierce battle has already claimed over 1,100 lives.
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Forex News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.