The U.S. dollar stayed in the lower
The euro was quoted at
The dollar gained to the
"Yellen has generally been seen as quite dovish among Fed members, but her message now is a very balanced one -- that as soon as economic indicators pick up, we can expect a rate hike -- and this has driven demand for the dollar," Kadota said.
This week brings relatively little fresh U.S. events and is sandwiched between the major events of
The few U.S. data due this week could yet push up the U.S. currency, with new home sales likely to follow the upbeat tone of last Thursday's existing home sales, said
Even if some U.S. data come out weak, the market's consensus is that the U.S. economy is on track to recovery, and spurred on by Fed policymakers' increasingly hawkish tone, traders are likely to target the year's high of
The euro fell to lows not seen since early last September against the dollar and slid against the yen after
Although some observers believe the ECB will wait for the completion of
"With expectations of further easing running high, the euro has probably bottomed out against the dollar for now, but it still has the potential to fall further against the yen," he added.
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