The dollar wobbled in Asian trading on Monday as some lackluster U.S. data and comments from Federal Reserve officials gave investors few catalysts to build on their U.S. currency exposure.
The dollar index, which tracks the U.S. currency against a basket of six major rivals, edged up slightly to 100.400. It notched a low of 98.858 last week, its weakest level since Nov. 11, in the wake of U.S. President Donald Trump's failure to get a healthcare reform bill passed last month.
The dollar got some support last week from month-end buying and came off its lows, but overall its heaviness remains unchanged, said Mitsuo Imaizumi, Tokyo-based chief foreign-exchange strategist for Daiwa Securities.
This week, investors are waiting for Friday's non-farm payrolls report, and a worse-than-expected reading would push the dollar down more than a better-than-expected reading would push it up, he said, underscoring the already cautious expectations on the pace of further U.S. rate hikes this year.
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