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U.S. Dollar Lower Against Some Majors
(RTTNews) - The U.S. dollar was lower against some of major counterparts in the European session on Monday.
Investors eye a slew of U.S. economic data this week, including the Fed's preferred gauge of inflation on Thursday for further clues on the prospects of early rate cuts.
A string of speeches by Federal Reserve officials this week may provide additional clarity on the timing and pace of rate cuts.
The greenback touched 1.0859 against the euro, setting a 4-day low.
The greenback reached as low as 1.2699 against the pound.
The greenback eased to 1.3500 against the loonie, from an early 5-day high of 1.3528.
The greenback is seen finding support around 1.10 against the euro, 1.28 against the pound and 1.34 against the loonie.
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