The dollar suffered losses last week and was headed toward its first monthly decline in five months as concerns about a global recession have begun to wane.
and was headed toward its first monthly decline in five months on Monday as investors have eased their bets that rising U.S. rates will result in additional gains.Trade was expected to be lessened through Monday as U.S. stock and bond markets
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar was slightly weaker on the euro in the Asia session at $1.0728, which is just above a five-week low. It took a dip last week of about 1.5% on the common currency. The Australian and New Zealand dollars stayed firm while the yen was slightly weaker at 127.28 per dollar."The dollar can fall further this week. Were it not for China’s lockdown, the global outlook would be brighter, and the dollar lower," Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney, said.NEW YORK, UNITED STATES, SEPTEMBER 16: Outside view of the Federal Reserve Bank of New York on September 16, 2013 in New York City.
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