Dollar Slips Near 2-Month High

Singapore, September 28 (QNA) – The dollar was on the defensive on Monday but ​remained near a two-month high, while investors looked ahead to a data-packed week for further clues on inflation and central-bank policy.

The euro was a shade weaker at $1.1386, hovering near two-month lows against the greenback and on course for a 2% decline in September.

Sterling held steady at $1.3247, close to a three-month low, ​after Bank of England Governor Andrew Bailey reiterated a rate hike warning.

The dollar index, which measures the US currency ​against a basket of peers, eased slightly to 101.12 but was still set for a 1.7% ⁠gain this month, its best gain since June.

The yen ⁠was last down 0.3% at 157.7 per dollar.

The Australian dollar fetched $0.70125 and the kiwi strengthened 0.1% to $0.5670 .

Elsewhere, offshore yuan strengthened slightly to 6.714 per dollar. (QNA)