Dollar steadies as markets await signals on Iran war, central banks

The US dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged ​lower last week on hopes for a deal between the United States and Iran to open the Strait ‌of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the battle with Iranian-backed Hezbollah. US President Donald Trump said on Friday he would soon decide on a proposed deal to extend the Iran ceasefire. US jobs data later in the ​week will be in focus as Federal Reserve officials signal that the US central bank may need to raise ​rates if the war accelerates already-high inflation.