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The Economic Times
The Economic Times

Dollar near two-week lows as rate-hike bets recede, embattled yen in focus

The U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next.

The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351. The dollar index, which measures the U.S. currency against six other units, was at 100.9 in early ‌trading.

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