Dollar Slips as Markets Bounce

Dollar Slips as Markets Bounce
Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken on June 15, 2022. Florence Lo/Reuters
Reuters
Updated:

LONDON—The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher.

The dollar index—which tracks the greenback against a basket of six major currencies—fell 0.4 percent to 104.410, reversing some of its gains from the previous week after the U.S. Federal Reserve and European Central Bank hiked rates.