by Gina Lee
Investing.com – The dollar weakened Monday morning in Asia. By keeping the previous week’s losses and . and due to fears of a slight global recession
The value that tracks the dollar against a basket of other currencies fell 0.23% to 101.27 as of 1:32 AM ET (5:32 AM GMT).
The pair moved down 0.09% to 127.
The pair was up 0.28% to 0.7180 and the pair was up 0.26% to 0.6551.
The pair fell 0.75% to 6.6483, while the pair moved up 0.19% to 1.2640.
Data due throughout the week can provide clues about global economic trends. China index and purchasing manager coupled with the consumer price index in the eurozone Due on Tuesday, the United States will release its May employment report, including on Friday.
US stock market There is a bright outlook on Monday. by stock market and US bonds Closed for Memorial Day Holiday The dollar was slightly lower against the euro at $1.0728 earlier in the Asian session. It is above a five-week low after falling about 1.5% for the single currency in the previous week.
The risky Australian and New Zealand dollar strengthened early in the Asian session. After the currency increase on Friday While the yen was slightly lower at 127.28 per dollar, the pair of Antipodean currencies are near three-week highs.
Jo Capurso, head of international economics at Commonwealth Bank Of Australia, told Reuters: If not for China’s lockdown The trend of the world will be brighter. and the dollar will weaken
The dollar index, which hit a two-decade high of 105.010 earlier this month. stable on monday while the pound strengthened last week
Chinese yuan stabilizes in foreign trade Driven by the easing of COVID-19 measures in some cities, Shanghai said on Sunday (23) that business control measures “Unreasonable” will be removed from June 1, 2022 as Beijing reopens some public transport and some shopping malls.
Although other investors are wary of putting an end to the recent strong dollar, positive US consumer data. And easing lockdowns in China are improving sentiment about global growth.
Investors have been speculating that the US Federal Reserve, which has raised interest rates sharply over the next two months may have to pause after that
John Briggs, head of global table strategy at NatWest Markets, told Reuters: “The Fed has stopped reviewing even more stringent demands. Which leads to high expectations for the future.”
meanwhile cryptocurrencies There is still a downward trend and bitcoin is trying to recoup the losses it incurred during the broad divestment of the risk asset earlier this month.