While rates are expected to remain unchanged at the upcoming meeting, inflation data later this week will be closely watched. Easing tensions between Iran and Israel also helped reduce oil prices and inflation concerns.

The dollar index slipped below 100, pulling back from a nine-week high as demand for safe-haven assets eased. However, strong US employment data continued to support expectations of tighter Fed policy. Attention now turns to US inflation figures and this week's ECB rate decision.

US stock futures edged lower after technology shares drove gains at the start of the week. 

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