At noon, the dollar fetched
The euro was quoted at
The dollar slipped mid-morning on a decline in risk appetite amid a fall in U.S. Treasury bond yields in combination with falling Chinese stocks, said
"Dollar-buying impetus was already looking weak going into a week peppered with risk events, and risk appetite took a further blow with this combination of factors," Sakai said.
The U.S. currency had held steady in the mid-102 yen range in early morning trading after the Group of 20 advanced and emerging economies agreed the previous day to strengthen global growth.
On Sunday in
The effect on currency markets has been limited, however, as the decision largely affirmed support in advanced economies for the U.S. Federal Reserve's strategy of tapering its quantitative easing despite fallout in emerging economies, Sakai said.
In order to get a clearer picture of the state of the U.S. economy, traders will keep their eyes on Tuesday's consumer confidence data, Wednesday's new home sales data and revised October-
The euro held on to its gains against the dollar and yen, having been boosted by signs that the conflict in
"Concerns over violent confrontations have lessened, but uncertainty still remains about
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