Key Points
SINGAPORE (Reuters) -The U.S. dollar struggled to keep gains on Monday as looming central bank decisions in Japan and Europe and vacillating market expectations for Fed rate cuts forced a pause in its data-spurred rally late last week...
The currency has been the worst hit against the dollar this year, tumbling about 5% in a swift reversal of Decembers bounce to five-month peaks near 140...
Data late last week showing U.S. economic activity remains resilient despite interest rates at their highest level in decades caused markets to scale back expectations of rate cuts beginning as soon as in March...
This week also has much for markets to focus on, with the European Central Bank and Canada and Turkeys policy meetings on Thursday, a busy earnings season and turmoil in the Red Sea upsetting global trade and supply chains...
The pound fell last week after Fridays data showed retail sales fell by the most in three years, but still-high inflation and the view that the BoE is unlikely to cut rates as quickly as the ECB or the Fed have underpinned the currency...
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