Dollar Creeps Up in Subdued Start to New Year

Dollar Creeps Up in Subdued Start to New Year
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul on Feb. 7, 2011. Lee Jae-won/Reuters
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LONDON—The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies.

The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end.