The dollar struggled to get off a one-month low against a basket of major currencies early on Monday, having posted its biggest weekly fall in over two months after a batch of disappointing U.S. data dampened the allure of the greenback.
The dollar index was last at 80.042, after dipping as low as 80.010, a level not seen since May 21. It fell on Friday and closed near the low, unlike in the previous two sessions when it managed a half-hearted recovery.
Last week’s setback in the dollar came as investors downgraded their growth forecasts for the United States in the wake of data showing a surprisingly deep contraction in the first quarter and soft consumer spending.
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