The U.S. dollar began Monday where it left off last week, caught between pressure from worries about the lagging U.S. economic recovery and support from rising U.S. bond yields and safe-harbour demand.
FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. REUTERS/Marcos Brindicci
A boost to sentiment from the postponement of the U.S-China trade deal review - which leaves the deal intact - was muted by uncertainty, ahead of a week a week that includes Federal Reserve minutes and the Democrats’ nomination convention. Against a basket of currencies the dollar traded under gentle pressure at 93.039 on Monday, roughly in the middle of the range it has held since hitting a two-year low at the end of July.inched up to a three-session high of $0.7194, but also remained contained in the channel it has traded in for a week.
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