The United States of America dollar index against a basket of currencies slumped to 97.118 .DXY, easing back from a nine-day high hit at the end of last week.
This came after U.S. President Trump navigated the testimony of ex-FBI chief James Comey. The Greenback fell on Monday against a basket of currencies following its rise on Friday to a 9-day high of 97.500.
The dollar was a shade lower at 110.040 yen JPY=. The Bank of Japan also meets this week and it too will be closely following the yen’s 4 percent gain since mid-May.
The dollar was steady at 110.300 yen. The euro inched up 0.1 percent to $1.1206 following three straight days of losses against the greenback.
The U.S. currency received support as Treasury yields, at seven-month lows early last week at the height of investor jitters towards the UK elections and Comey’s testimony, continued their bounce ahead of the Fed’s anticipated rate hike.
