The US dollar weakened across Latin American markets on Monday as traders weighed escalating hostilities between Israel and Iran against a busy week of global central-bank meetings, including the Federal Reserve’s policy decision. The greenback slipped below 940 Chilean pesos, eased to about 4,100 Colombian pesos and traded down 0.19% at R$5.53 in Brazil, where the Ibovespa equity index advanced 1.06%. The muted move has prompted questions about the currency’s traditional haven status. “The dollar’s crown is a little tarnished,” said Jeremy Stretch, head of G-10 foreign-exchange strategy at CIBC Capital Markets. Gold prices also edged lower, adding to evidence that investors anticipate the conflict will remain contained while monetary-policy signals take center stage.