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The USD fell, extending the decline from last week. Will the EUR
The U.S. dollar edged lower in early European trading Monday, falling to a six-week low and extending last week's decline on a less hawkish stance from the Federal Reserve.
At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest decrease since the middle of last year.
The dollar has weakened since the Federal Reserve's policy-setting meeting last week, when the central bank offered dovish signals about more interest rate hikes.
EUR/USD rose 0.1% to 1.0743, with the euro rising to levels last seen in September on dollar weakness, rather than any form of regional economic strength. Which area?
This tone was reinforced by Friday's official jobs report, which showed that US nonfarm payrolls grew less than expected in October. The data suggests the US labor market is cooling. more, which has been the main driver of the Fed's hawkish stance this year.
At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest decrease since the middle of last year.
The dollar has weakened since the Federal Reserve's policy-setting meeting last week, when the central bank offered dovish signals about more interest rate hikes.
EUR/USD rose 0.1% to 1.0743, with the euro rising to levels last seen in September on dollar weakness, rather than any form of regional economic strength. Which area?
This tone was reinforced by Friday's official jobs report, which showed that US nonfarm payrolls grew less than expected in October. The data suggests the US labor market is cooling. more, which has been the main driver of the Fed's hawkish stance this year.
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