The dollar stabilized against most major rivals on Monday as markets await important US data this week. 

Wall Street was shaken heavily last Monday with massive selloffs amid concerns about a US recession, before regaining ground in later sessions. 

Now investors await a batch of important data later this week to gauge the path ahead, including consumer and producer prices, industrial production, and retail sales. 

On trading, the dollar index was mostly flat at 103.1 as of 21:00 GMT, with a session-high at 103.3, and a low at 103.09.

Aussie

The Australian dollar rose 0.2% against its US counterpart as of 21:20 GMT to 0.6585. 

Loonie 

The Canadian dollar fell 0.1% against its US counterpart to 0.7275. 

Gold prices rose on Monday to fresh record highs as the dollar stabilized against most major rivals. 

Wall Street was shaken heavily last Monday with massive selloffs amid concerns about a US recession, before regaining ground in later sessions. 

Now investors await a batch of important data later this week to gauge the path ahead, including consumer and producer prices, industrial production, and retail sales. 

Otherwise, the dollar index stabilized at 103.1 as of 21:00 GMT, with a session-high at 103.3, and a low at 103.09 .

Gold spot prices rose 1.5% as of 21:01 GMT to $2511.4 an ounce. 

Most US stock indices gained ground on Monday as investors await important US data later this week. 

Wall Street was shaken heavily last Monday with massive selloffs amid concerns about a US recession, before regaining ground in later sessions. 

Now investors await a batch of important data later this week to gauge the path ahead, including consumer and producer prices, industrial production, and retail sales. 

On trading, Dow Jones fell 0.1%5 as of 17:10 GMT, or 63 points to 39,434, while S&P 500 rose 0.2%, or 12 points to 5357, as NASDAQ added 0.5%, or 91 points to 16,837. 

• Global oil prices rise for fourth straight day
• Speculation about a potential Iranian hit against Israel
• US sends more troops to Middle East

International benchmark Brent rose on Monday for the fourth straight session above $80 a barrel for the first time in two weeks, as geopolitical tensions mounted again in the Middle East.

Speculation about an impending Iranian military strike on Israel is increasing, in response to Israel’s alleged assassination of Hamas’s political leader Ismael Haniyeh in Tehran. 

Prices

Brent crude rose 1.4% today to $80.82 a barrel, the highest since August 1, with a session-low at $79.50.

Brent closed Friday 1% higher, the third profit in a row. 

Last week, Brent rallied 3%, the first weekly profit in five weeks amid mounting tensions in the Middle East. 

Geopolitical Risks 

Many are speculating about a potential Iranian hit on Israel, with US officials saying that Lebanon’s Hezbollah might launch a separate attack on Israel in response to the assassination of its military leader Foad Shokr in Beirut. 

US Troops 

The US government sent additional military forces to the Middle East to guard against a potential Iranian attack.

The Pentagon ordered a group of aircraft carriers to spread in the region and assert security.