The U.S. dollar edged higher on Monday as investors sought safety amid escalating tensions in the Middle East following U.S. airstrikes on Irans nuclear facilities. The greenback saw modest gains, with the dollar index

SINGAPORE: The US dollar firmed slightly on Monday as anxious investors sought safety, although the moves were muted so far suggesting markets were waiting for Iran’s response to US attacks on its nuclear sites that have exacerbated tension in the Middle East.

In economics, monetary policy is a powerful tool that central banks utilize to influence a country’s economy. In the United States, the Federal Reserve (often called the Fed) plays a crucial role in managing the nation’s monetary policy through adjustments