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US Dollar steadies after weak China data; Fed minutes eyed
The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped the greenback claw back some losses after a shocking slump in consumer sentiment on Friday weakened the U.S. unit. Against a basket of other currencies, the greenback broadly steadied at 92.53 after falling to a one-week low of 92.468 on Friday. Its gains were the most pronounced against the Chinese yuan and the Australian dollar, against which it advanced 0.1per cent and 0.5per cent respectively.July retail sales, industrial production and fixed asset investment were all weaker than expected as the ... (full story)
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