skip to main content

Dollar extends drop, still vulnerable after Fed


The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs of moderation.

The dollar index was hovering around a 6-1/2 week low of 104.84, after falling around 1.4% last week.

The euro gained 0.2% to a 7-1/2 week high of $1.0756.

World stocks (.MIWD00000PUS) too had their strongest week in a year last week as expectations the Fed was done raising rates gathered steam.

Read More – Source