The U.S dollar, on Monday, February 20 slipped by 0.1 percent against a basket of major currencies .DXY after U.S. bond yields fell on Friday.
The greenback hit its highest against the basket for more than a month last week after U.S. Federal Reserve Chair Janet Yellen said it would be unwise to delay raising interest rates, before pulling back on uncertainty over President Donald Trump’s policies, particularly on trade.
The euro EUR= rose 0.1 percent to $1.0623 while the yen fell 0.2 percent to 113.07 per dollar JPY=.The British Pound Sterling GBP=D4 was on an upward swing appreciating by 0.5 percent to $1.2466.
Meanwhile, Japan’s Nikkei .N225 rose 0.1 percent while China’s blue-chip CSI 300 index .CSI300 closed up 1.5 percent, its biggest gain in six months, after media reports on Friday that pension money may begin flowing into the market as soon as this week.
