U.S. Dollar Lower to Start the Week

The U.S. dollar got off to a quiet start on Monday following a few days of directionless trading with investors unlikely to take aggressive positions ahead of major events out of the United States and euro zone.

Policy reviews by the U.S. Federal Reserve and Bank of Japan (BOJ) will also keep the market cautious in a holiday-shortened week for much of Asia. Many centers in the region will shut on Thursday for the Labor Day holiday, while Japan will be closed on Tuesday.

The dollar index was flat at 79.741, having last week inched down a mere 0.1 percent. The euro was similarly subdued at $1.3839 after chalking up a modest 0.2 percent gain.


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