NEW YORK (Reuters) – Global equity markets rose while the U.S. dollar dipped on Monday as investor concerns that the Federal Reserve would soon begin changing its accommodative monetary stance faded. Market sentiment was also buoyed after the U.S. Food and Drug Administration granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, making it the first to secure such official validation. New cases, driven by the highly infectious Delta variant, have surged in parts of the United States with lower vaccination levels. The dollar index slid on Monday after hitting a nine-month high last week, as investors firmed up bets the Fed will start scaling back pandemic-era stimulus policies ahead of Europe and Japan. But Robert Kaplan, the hawkish president of the Dallas Fed, dented those expectations on Friday when he said he might reconsider the need for an early start to tapering if the virus harms the economy. His comments also doused anticipation that Fed Chair Jerome Powell’s speech at Jackson Hole this week would indicate a timeline for when the central bank would begin ending its bond-buying program. Nick Note: Last week we did not buy into the bear trap. I expect still further market highs… Keep your powder high…. Soon we will cut them a new asshole….