A gauge of the dollar eased, after rising for seven weeks, as China's latest announcement to boost the private economy lifted risk sentiment.
The Bloomberg Dollar Spot Index eased 0.1% after rising for seven straight weeks, its longest such streak since 2018. The cash Treasury market was shut for the Labor Day holiday in the US
China's National Development and Reform Commission will set up a new bureau to oversee the development of the private economy in the latest boost to the sector. Investors will also be watching speeches from a raft of Federal Reserve officials including Raphael Bostic and Susan Collins this week, after labor market data strengthened bets that the tightening cycle might be ending
AUD/USD rose 0.3% to 0.6472 ahead of the Reserve Bank's rate decision on Tuesday where it's widely expected to stand pat.
Australia's currency may be bolstered by further interest rate hikes but China risks may curb its gains, according to Goldman Sachs.
USD/JPY little changed at 146.17.
Investors are waiting for Bank of Japan's bond-buying operations as government bond futures drop, tracking US Treasury moves on Friday.
EUR/USD up 0.1% at 1.0788.
The European Central Bank might need to raise interest rates further before coming to a pause in its hiking cycle, said Governing Council member Pierre Wunsch.
Source : Bloomberg
