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Dollar Holds Steady as Yen Slips Despite GDP Surprise

FILE PHOTO: FILE PHOTO: Illustration shows U.S. dollar banknotes

The global forex market remained relatively stable on Monday, with the US dollar holding steady against major currencies ahead of the release of key economic data. Meanwhile, the Japanese yen slipped despite a surprise surge in the country's GDP.

Investors are eagerly awaiting the release of economic indicators, including US retail sales and industrial production, which will provide insights into the health of the world's largest economy. This data will be closely watched as it could shape expectations regarding the Federal Reserve's monetary policy going forward.

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