Dollar falls on economic worries, Yuan gains on stimulus

Singapore: The US dollar hovered close to a five-month low against its major peers on Monday, pressured by President Donald Trump’s erratic trade policies and a run of soft macroeconomic data.

The US dollar index, which measures the currency against six major counterparts, witnessed little change at 103.71 in the Asian session.

The euro was fetching $1.0879, slightly off the $1.0947 level it hit last Tuesday.

Meanwhile, the Chinese yuan edged back towards the strongest level in four months in offshore trading, changing hands at 7.2400 per dollar.

The dollar added 0.13% to 148.83 yen.

Sterling was steady at $1.2927, with the Bank of England also seen keeping policy unchanged.