(Reuters) - The dollar slipped on Monday after investors booked profits. It was unable to maintain a four-month high against the yen and a two-month peak versus the euro hit late last week after strong U.S. jobs data made it less likely the Federal Reserve will cut rates this year.
Traders said the dollar would continue to suffer against the euro given that euro rates are seen rising this week, but the yen would keep sliding as market participants shun it due to Japan's paltry 0.5 percent yield.
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Traders said the dollar would continue to suffer against the euro given that euro rates are seen rising this week, but the yen would keep sliding as market participants shun it due to Japan's paltry 0.5 percent yield.
Read more at Reuters.com Hot Stocks News
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