Key Points
NEW YORK/LONDON (Reuters) The dollar held steady near seven-week highs against major currencies on Tuesday as investors assessed the outlook for further U.S. rate cuts, with concerns about the conflict in the Middle East and Chinas economy lending support...
The U.S. data calendar is relatively light this week, but investors will seek trading signals from Wednesdays release of the minutes from the Federal Reserves September meeting, when officials almost unanimously agreed to cut rates by 50 basis points, as well as Thursdays September Consumer Price Index report...
The euro inched 0.05% higher to $1.0979, still near the seven-week low of $1.09515 hit last week..
Meanwhile, the Chinese yuan dropped against the dollar, while stock markets returned with a strong open after a week-long holiday break, but finished well off their highs as a lack of detail dented optimism around stimulus measures...
The Australian dollar slid 0.46% to US$0.6725, delving its lowest since Sept. 16.. (Reporting by Ankur Banerjee in Singapore and Medha Singh in London; Editing by Jamie Freed, Sherry Jacob-Phillips, Emelia Sithole-Matarise and Barbara Lewis)..
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