Dollar Slips in Thin Holiday Trading on Bets Fed Is Done With Rate Rises

Dollar Slips in Thin Holiday Trading on Bets Fed Is Done With Rate Rises
U.S. dollar banknotes are seen in this illustration taken on March 10, 2023. Dado Ruvic/Reuters
Reuters
Updated:
0:00

SINGAPORE/LONDON—The dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets the Federal Reserve could be at the end of its monetary tightening cycle.

Against a basket of currencies, the dollar inched 0.1 percent lower to 104.14 but remained close to the two-month peak of 104.44 it touched on Aug. 25. The index gained 1.7 percent in August, snapping its two-month losing streak.