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Jan 07 2018

US Dollar Slips Against Other Currencies on Speculations Fed Will Cease Rate Hikes

 The US dollar slipped against peers on Monday as the traders remained cautious due to rising expectations that the Federal Reserves would put its policy tightening on pause in 2019.

Risk appetites were strong in Asian trade, mostly due to the rising hopes that Washington and China can strike a comprehensive trade deal and the monetary easing on Friday from China.

The dollar fell against the yen, fetching 108.09. The euro advanced 0.22 percent versus the dollar while the Australian dollar rose 0.2 percent and touched its highest level since Dec. 20.

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