ReutersSINGAPORE (Reuters) -The dollar started Monday on the front foot, with a reading on U.S. inflation and the Federal Reserve's last policy meeting for the year likely to set the tone for the week, while rising deflationary pressure in China weighed on the yuan. The greenback pushed back above 145 yen and last bought 145.62 yen, reversing some of its steep fall against the Japanese currency late last week, as bets grew that the Bank of Japan's ultra-low interest rates policy may be nearing an end. Data on Friday showed U.S. job growth accelerated in November while the unemployment rate fell to 3.7%, underscoring the resilience of the labour market in the world's largest economy and challenging expectations of imminent rate cuts from the Fed beginning early next year.

Source: Wall Street Journal December 10, 2023 19:18 UTC