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Dollar Tentative As Investors Eye Global Rates, Economic Outlook

Published by: dailynews
Published on:

The dollar was on the back foot on Monday, though it found some safe haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook.

Dramatic weekend events in Russia also kept investors on guard, though reaction in the currency market was subdued as they assessed the implications of the aborted mutiny.

The euro pared some of its losses from last week and was up 0.05% to $1.0901 in Asia trade.

Read the full story on Reuters here.