The dollar index rose to 98.1 on Monday, lifted by geopolitical developments and expectations ahead of the Federal Reserve’s Jackson Hole symposium later this week. At the White House, President Trump met with Ukrainian President Volodymyr Zelensky, expressing optimism about ending the war, pledging US involvement in maintaining peace, and saying he would call Russian President Vladimir Putin after the talks. Following his meeting with Putin on Friday, Trump said he would press Zelensky to reach a quick settlement, though no breakthrough has been achieved. On monetary policy, markets are pricing in an 84% chance of a 25 basis point Fed rate cut in September, while stronger-than-expected producer inflation and retail sales have tempered expectations for a larger 50 basis point move. Fed Chair Jerome Powell is set to provide further guidance at Jackson Hole.