(Reuters) - The dollar hovered near a six-week high against the euro on Monday as traders reckoned that weak U.S. housing data late last week was not enough to prompt the Federal Reserve to cut interest rates later in the year.
The dollar edged down from a three-month high against the yen as Japanese exporters repatriated funds, but the low-yielding Japanese currency stayed weak since traders continued to shun it for overseas assets offering higher rates.
Read more at Reuters Africa
The dollar edged down from a three-month high against the yen as Japanese exporters repatriated funds, but the low-yielding Japanese currency stayed weak since traders continued to shun it for overseas assets offering higher rates.
Read more at Reuters Africa
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