US Dollar slips to one-week low near 99.38
The US Dollar trades lower against major peers as traders reduce safe-haven positions following a US-Iran peace deal.
The US Dollar Index slipped to a one-week low near 99.38, but remains supported by a hawkish Fed outlook.
The Fed’s monetary policy announcement on Wednesday is widely expected to keep interest rates unchanged, with traders pricing in a possible rate hike by year-end due to higher energy prices and inflation.