Dollar loses ground in early U.S. trading
NEW YORK (MarketWatch) — The dollar headed down in early U.S. trading on Monday, giving up an earlier advance, as U.S. stock futures gained ground on strong Chinese economic data and the government’s unexpected decision not to raise its interest rates. The data fuelled hopes of stronger global growth, supporting investors ‘appetite for riskier assets like stocks and commodities and less demand for the relative safety of the greenback. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.33, -0.74, -0.92%) , a measure of the greenback’s performance against a basket of six other currencies, slipped to 79.903 from 80.067 in late North American trading Friday. The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.3385, +0.0180, +1.3631%) turned up to $1.3280 from $1.3232 Friday.
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