Dollar pulls back, focus turns to busy central bank week amid Mideast war [CNBC]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: CNBC
Ardasavasciogullari | Istock | Getty Images The dollar pulled ?back from 10-month peaks on Monday in a tentative start to a week that brings a slew of central bank meetings held under the shadow of the U.S.-Israel war on ?Iran. The U.S. Federal Reserve, the European Central ?Bank, the Bank of England and the ?Bank of Japan are among those to hold their first policy meetings since the Middle East conflict began, offering investors a sense of how rate setters view the impact of soaring oil prices on inflation and growth. As the European session got underway, the dollar index was a touch lower at 100.27 ?and ?holding below a 10-month high hit on Friday. The dollar has benefited from a ?flight to safety since the U.S.-Israeli strikes on Iran began at the end of February. Other major currencies such as the euro have been hurt by their economies' dependence on oil imports. Since the start of the conflict, investors have almost eliminated their bearish bets against the dollar, acc
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