Dollar tentative as investors eye global rates, economic outlook
Singapore, June 26 ( BNA): The dollar was on the back foot on Monday, though it found some safe haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook.
US business activity fell to a three-month low in June and the contraction in the manufacturing sector deepened, though the overall picture indicated economic growth ticked up a notch in the second quarter.
The euro pared some of its losses from last week and was up 0.05% to $1.0901 in Asia trade, Reuters reported.
The U.S. dollar steadied at 102.74, after a gain of more than 0.5% last week, its first in nearly a month.
