The dollar struggled near a 13-month low against a basket of major currencies on Monday as U.S. political turmoil dampened hopes for quick passage of President Donald Trump's stimulus and tax reform agendas and the euro extended gains. The dollar index, which tracks the greenback against six major currencies, was little changed at 93.887, after touching 93.823, its lowest since June 2016. So we will need strong U.S. data to dislodge U.S. yields from their low levels," he said. According to the same data, Japanese yen net shorts grew to their largest since January 2014. The Japanese currency stood in proximity of a 17-month low against the euro and a 19-month trough versus the Australian dollar.

Source: dna July 24, 2017 04:07 UTC