2024-01-15T10:52:32+00:00
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/ The dollar fell on Monday as investors bet again that the Federal Reserve will soon cut interest rates, while the yuan fell to its lowest level in a month after the Chinese central bank surprised markets by keeping medium-term interest rates steady.
This led to the yuan falling in domestic trading to its lowest level in a month at 7.1813 against the dollar, and in offshore trading it fell to 7.1906 against the dollar, approaching its lowest level in a month, which it recorded on Friday.
Sterling fell 0.1 percent to $1.2730 but remained close to a two-week high hit last week.
The Australian dollar rose 0.13 percent to $0.6695, and the New Zealand dollar fell 0.11 percent to $0.6234.