Energy price rises have turned into a headwind for the dollar.
The British pound starts the new week on the back foot against the dollar, but downside should be limited.
Pound sterling is set for its best weekly performance of the year against the dollar, helped by a soft U.S. inflation print.
Dollar Could Be Iran War's Biggest Victim
- Category: USD
The Iran war is "backfiring" on the U.S. dollar says a new analysis from Handelsbanken, which warns the currency could struggle to perform its traditional safe haven function.