Dollar Steadies as Traders Reassess Rate Hike Bets

Dollar Steadies as Traders Reassess Rate Hike Bets
George Washington is seen with printed medical masks on the one Dollar near Euro banknotes in this illustration taken on March 31, 2020. Dado Ruvic/Illustration/Reuters
|Updated:

LONDON—The dollar edged lower on Monday as traders took the view that Federal Reserve tightening moves were largely priced in, while the euro eased from Friday’s two-month high.

An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only briefly weighed on the yuan.