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The dollar held gains and rose slightly in Asia Monday as Japan's holiday cut liquidity, focusing attention on China's disappointing stimulus.
The US dollar dipped from a two-month high but is set for a second consecutive weekly gain as weak labor market signals support faster Fed rate cuts.
The US hovered near a two-month high on Thursday as markets grew confident in the Fed's patient monetary policy ahead of a key inflation report.
The dollar moved sideways Wednesday, easing pressure on other currencies after last week's rally, while the loonie lingered near a seven-week low.
The dollar held seven-week highs on Tuesday as investors cut rate-cut bets after a strong jobs report, while Middle East tensions weighed on it.
The dollar rallied on strong US jobs data and escalating Middle East conflict, while the yen fell to its lowest level in nearly two months.
The dollar gained support Thursday as the Fed is not expected to cut interest rates soon, while the euro stayed near a three-week low.
The US dollar rallied Tuesday as Fed Chair Powell rejected expectations for large rate cuts, while the yen steadied mid-range.
On September 30, 2024, China's stimulus supported commodity currencies, pressuring the dollar as core inflation eased to a near three-year low.
The dollar wobbled on Friday, heading for a third month of declines as investors assessed Fed policy, while China's stimulus boosted risk currencies.
The dollar remained steady on Thursday after its biggest rally since early June, as traders awaited key Fed speeches for hints on interest rate cuts.
The dollar weakened as China's stimulus lifted risk appetite and expectations grew for a significant US rate cut in November.
The dollar wobbled Tuesday as traders boosted bets on future US interest-rate cuts after the Fed signaled more cuts ahead this year.
The dollar rose on Monday, up over 2% last week. Investors will examine remarks from Fed officials this week after a major rate cut.
