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Dollar Near Two-Week Low as Rate-Hike Bets Recede

Economy

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Singapore, July 06 (QNA) - The US 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 close to its weakest level in 40 years.

The dollar index, which measures the US currency against six other units, ​held steady at 100.9 in early trading.

The euro was at $1.1435, not far from its strongest level in two weeks, while sterling was last at $1.3351.

The yen traded at 161.57 per US dollar, remaining close to the 1986 low of 162.84 last week. (QNA)

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