Dollar falls with central bank policy in focus markets weigh OPEC cuts

LONDON/NEW YORK (Reuters) – The dollar fell on Monday, surrendering earlier gains following the announcement of unexpected oil output cuts from OPEC+, as investors focused on diverging central bank policy with the Federal Reserve widely viewed as nearing the end of its rate-hike cycle. The impact though of oil production cuts has complicated the global inflation outlook. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, caused oil prices to jump by around 8% in early trade in Asia on Monday. Brent crude last traded at…