The dollar index steadied around 100.2 on Monday after surging last week, with investors awaiting several appearances by Federal Reserve officials this week for further clues on the outlook for monetary policy. On Sunday, Minneapolis Fed President Neel Kashkari said inflation remains too high and that price pressures have spread beyond the initial oil-price shock linked to the Iran war. Chicago Fed President Austan Goolsbee is scheduled to speak later Monday, followed by New York Fed President John Williams on Tuesday. Last week, the dollar index climbed more than 1% after the Fed raised interest rates and signaled at least one additional hike this year, while Chair Warsh reiterated the central bankโs commitment to bringing inflation under control. The Bank of Japan also raised rates as expected, although two policymakers dissented, suggesting the central bank may move more cautiously with further increases than previously anticipated and weighing on the yen.


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