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Dollar Wobbles as Investors Ponder ‘Higher for Longer’ Rate Path

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases.

The dollar index , which measures the US currency against six rivals, eased 0.106% at 104.05.

The yen weakened 0.03% to 146.45 per dollar, not far off the more than nine month low of 146.64 it touched on Friday.

The single currency was up 0.08% to $1.0809, while the pound was last at $1.26, up 0.18% on the day.

The Australian dollar rose 0.42% to $0.643, while the New Zealand dollar gained 0.20% versus the greenback to $0.592.

Source: Qatar News Agency