Dollar slips, investors eye U.S.-China deal, Fed minutes
The dollar slid, while commodity currencies rose on Monday as investors were relieved by the delayed U.S.-China trade deal review, leaving the current deal intact.
The dollar index stood at 92.987, trading in a range after falling to a two-year low in July.
The risk currency Australian dollar rose to a one-week high of $0.7196. Against the greenback, the Canadian dollar climbed 0.1% to C$1.3253.
China and the United States postponed the review of their Phase 1 trade deal due to scheduling conflicts, sources say. Investors are also waiting for the Fed’s minutes from last month’s meeting to get hints about possible changes in policy outlook.
The 10-year U.S. debt benchmark climbed nearly 15 basis points last week, its sharpest in two months. U.S. 10-year yields slid to 0.70.12% on Monday, while the Japanese yen firmed at $106.51.
The euro was up 0.1% to 1.1857 on the dollar, while the pound climbed to $1.3096. The New Zealand dollar slipped 0.1% to $0.6531.