Economic news

Review: Dollar flat, U.S. tax reform and Fed Chair nominee in focus

The U.S. dollar wobbled on Monday, as the continuing low inflation is seen as an obstacle to further rate increases by the Federal Reserve System.

Market participants are focused on the likely appointment of Jerome Powell to the post of chairman of the Fed, the consideration of whose candidacy will be held in Congress on Tuesday.

The dollar index .DXY traded at around 92,801 points, near its two-month low of 92,675 points, touched on Friday.

Against the yen, the greenback fell by 0.15% to 111.35 yen, heading to a two-month low of 111.07 yen.

The pound was stable at $ 1.3325.


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