The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece’s ongoing debt talks pressured the euro.
Data on Friday showed U.S. business investment spending plans fell for a seventh straight month in March, suggesting the economy was struggling to rebound.
The data cemented the view that the U.S. central bank will not send any imminent tightening signal after its two-day Federal Open Market Committee meeting scheduled to begin on Tuesday.
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