The currency's recent strength was presmised on the Fed's interest rate outlook and some strong domestic data.
On Monday, the greenback was up 0.40% against the euro, 0.07 against the pound, 0.16 against the yen and 0.07 against the Swiss franc.
The Federal Reserve Bank of
Pledges of stimulus from
The US dollar fell to 4-day lows of 103.74 against the yen and 0.9140 against the Swiss franc, from early highs of 104.11 and 0.9163, respectively. If the greenback extends its downtrend, it is likely to find support around 102.69 against the yen and 0.90 against the franc.
Pulling away from an early near 1-year high of 1.3178 against the euro, the greenback edged down to 1.3207. At yesterday's close, the greenback was trading at 1.3191 against the euro. The greenback may test resistance near the 1.33 region.
Against the pound, the greenback edged down to 1.6594 from an early high of 1.6565. The pair closed yesterday's deals at 1.6577. The greenback is likely to find support around the 1.66 region.
Looking ahead, the
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