
The dollar inched lower versus G-10 peers as markets await key inflation and sentiment readings from the US which may add context to mixed jobs data this week.
The Bloomberg Dollar Spot Index fell 0.1%. US personal income, personal spending, core PCE, PCE price index and preliminary Michigan consumer sentiment are on due for release later today.
USD/JPY fell 0.1% to 154.92 after being sold over the Tokyo fixing. Spot had hit 154.51 and a two-week low in London in response to report that key members of Prime Minister Sanae Takaichi's government wouldn't try to stop the Bank of Japan if it decides to raise interest rates in December.
"There is a compelling bearish narrative taking root once again on the USD-leg, Richard Franulovich, head of FX strategy at Westpac Banking Corp., wrote in a note.
Cites negative seasonals around year-end hedging and repatriation flows, the potential announcement of a new dovish and loyalist Fed Chair in the new year.
Yields eased less than one basis point across the Treasury curve with 2-year tenor at 3.52% and 10-year at 4.09%.
EUR/USD rises 0.1% to 1.1653.
AUD/USD climbs 0.1% to 0.6615.
Source : Bloomberg.com
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